1. What is a Credit Reporting Service?

According to the regulations on the Administration of Credit Investigation Industry and the measures for the Administration of Credit Investigation Business, a credit report is a document formed by a credit investigation agency based on the collected basic information, loan information, other relevant information, and the analysis and evaluation information based on these information, which reflects the credit status of the information subject (including individuals and enterprises). Credit reporting service is the activity of credit bureaus to provide credit reports to information users (including financial institutions, enterprises, government departments, etc.).

Credit reporting service is one of the core contents of credit reporting business, and it is also the main product and service form of credit reporting agencies. By providing objective, accurate and timely credit reports, credit bureaus can help information users understand the basic situation of information subjects, loan records, repayment ability, default risk, etc., provide basis and reference for financial credit, investment decision-making, business cooperation, etc., and promote the efficiency of resource allocation and the level of social integrity.

What is included in 2. Credit Reporting Services?

According to the provisions of Article 18 of the Measures for the Administration of Credit Information Business, the credit report provided by the credit reporting agency shall objectively display the content of the credit information queried, and explain the content of the credit information queried and the professional terms. Specifically, a complete credit report should include the following:

(1) Query record: record the name of the inquirer (I. e. information user), query time, query purpose, etc.

(2) Basic information: record the name of the information subject (I. e. the person being queried), unified social credit code or ID number, registered address or address, contact information, etc.

(3) Lending information: Record the loan contract and its performance that the information subject has occurred or is in progress on the financial institution or other lending platform, including the amount of the loan, the term, the interest rate, the repayment method, the number and amount of overdue, etc.

(4) Other relevant information: record other information related to the information subject and may affect its credit status, such as administrative penalties, judicial decisions, list of persons subject to breach of trust, etc.

(5) Analysis and evaluation information: Based on the above-mentioned types of information, the information subject is comprehensively analyzed and evaluated, such as giving a comprehensive score or rating, or predicting and describing its repayment ability and default risk.

What are the processes for 3. credit reporting services?

According to the provisions of Articles 19 to 25 of the Measures for the Administration of Credit Information Business, credit reporting agencies shall follow the following procedures in providing credit reporting services:

(1) Signing an agreement: The credit agency signs a written agreement with the information user to clarify the rights and obligations of both parties, including the inquiry method, inquiry conditions, inquiry fee, information security and confidentiality of the credit report.

(2) Obtaining authorization: Before inquiring about the credit report, the information user shall obtain the explicit consent authorization of the information subject and use the credit report in accordance with the agreed purpose.

(3) Query credit report: Information users enter query criteria (such as the name of the information subject, unified social credit code or ID card number, etc.) through the query channels provided by the credit agency (such as website, telephone, counter, etc.) to query the credit report.

(4) Provision of credit reports: Credit bureaus retrieve matching credit information from their own databases according to the query conditions of information users, process and form credit reports, and provide them to information users through agreed means (such as e-mail, paper documents, etc.).

(5) Record inquiry log: The credit bureau shall record the inquiry of each credit report, including the inquirer, the inquired person, the inquiry time, the purpose of the inquiry, etc., and write this information into the credit report as an inquiry record.

(6) Handling of objections and complaints: Credit bureaus shall establish and improve mechanisms for handling objections and complaints, verify and handle objections or complaints raised by information subjects or information users in a timely manner, and correct erroneous or missing credit information in a timely manner.

What are the requirements for 4. credit reporting services?

According to the provisions of Articles 26 to 30 of the Measures for the Administration of Credit Information Business, credit reporting agencies shall comply with the following requirements in providing credit reporting services:

(1) Objectivity and impartiality: Credit bureaus shall objectively display the contents of the credit information inquired, shall not discriminate or favor the subject of the information in any form, and shall not provide credit reports of different quality or standards to the users of the information.

(2) Accuracy and completeness: The credit reporting agency shall ensure that the content of the credit report provided is true, accurate and complete, and shall not be false, misleading or omitted, and shall not tamper with, delete or add any content that is inconsistent with the facts.

(3) Timely update: Credit bureaus shall update the credit information in their databases in a timely manner to ensure that the credit reports provided reflect the latest situation and shall not have expired or obsolete content.

(4) Security and confidentiality: Credit bureaus shall take effective measures to protect the security of credit information in their databases and prevent leakage, loss or damage. Credit bureaus shall also keep the credit reports provided confidential and shall not disclose them to unrelated or unauthorized parties.

What are the cases of 5. Champ Consulting in credit reporting services?

Shangpu Consulting Company is a consulting organization specializing in industry research, market research, investment and financing consulting, IPO listing consulting and other services. It has the "the People's Republic of China Foreign-related Investigation License" issued by the National Bureau of Statistics and has the Grade A qualification of China Engineering Consulting Unit. While providing professional consulting services to clients, Champ Consulting also provides clients with high-quality credit reporting services. Here are some of the examples of Champ Consulting's credit reporting services:

(1) A well-known international financial group commissioned Shangpu Consulting Company to provide support for its investment activities in the Chinese market. Shangpu Consulting Company provides the group with credit reports of a number of potential investment objects, including basic information, loan information, other relevant information and analysis and evaluation information of these enterprises. to help the group understand the credit status, operating status, financial status, market prospects, etc. of these enterprises, and provide strong support for its investment decision-making.

(2) A well-known domestic Internet enterprise commissioned Shangpu Consulting Company to provide M & A consulting services for it. Shangpu Consulting provided the company with the credit reports of multiple target companies that it intends to acquire, including basic information, loan information, other relevant information, and analysis and evaluation information, to help the company assess the value of these target companies, Risks, synergies, etc., and provide professional advice on its merger strategy.

(3) A well-known domestic manufacturing enterprise entrusts Shangpu Consulting Company to provide supply chain management consulting services for it. Shangpu Consulting Company provides the enterprise with the credit reports of its upstream and downstream partners, including the basic information, loan information, other relevant information and analysis and evaluation information of these partners, so as to help the enterprise understand the credibility, performance ability and cooperation willingness of these partners, and provide an effective reference for optimizing the supply chain structure and process.

6. epilogue

Credit reporting service is the activity of credit reporting agencies to provide credit reports to information users, and is one of the core contents of credit reporting business. The standards and norms of credit reporting services are an important basis for ensuring the safe, legal and effective use of credit information, and are also a key factor in improving the quality and level of credit reporting services. This paper analyzes the definition, content, process and requirements of credit reporting service in detail, and shows the application value and practical experience of credit reporting service in finance, investment, merger and acquisition and other fields with the customer case of Shangpu Consulting Company. I hope this article can help and inspire readers.