Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau
International Financial Corporation (IFC) and the World Bank have in recent years promoted the implementation of credit bureaus as a way of improving access to finance for both individuals and businesses. In 2003, no such structure existed for consumer credit information in China. Not only was access to financing reduced, but the quality of the entire lending industry was also affected nonperforming loans represented a significant proportion of the portfolio, risk management practices were weak, and loans were poorly monitored. However, as this smart lesson describes, creating financial infrastructure such as a consumer credit bureau in large countries presents a unique set of challenges.
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dig-okr-10986105672024-08-08T16:24:41Z Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau Paramanathan, Prashan Huang, Lin ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY International Financial Corporation (IFC) and the World Bank have in recent years promoted the implementation of credit bureaus as a way of improving access to finance for both individuals and businesses. In 2003, no such structure existed for consumer credit information in China. Not only was access to financing reduced, but the quality of the entire lending industry was also affected nonperforming loans represented a significant proportion of the portfolio, risk management practices were weak, and loans were poorly monitored. However, as this smart lesson describes, creating financial infrastructure such as a consumer credit bureau in large countries presents a unique set of challenges. 2012-08-13T12:05:41Z 2012-08-13T12:05:41Z 2009-04 http://documents.worldbank.org/curated/en/2009/04/10618006/creating-financial-infrastructure-large-transition-economy-lessons-chinas-new-credit-bureau https://hdl.handle.net/10986/10567 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
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Banco Mundial |
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DSpace |
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Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY Paramanathan, Prashan Huang, Lin Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| description |
International Financial Corporation
(IFC) and the World Bank have in recent years promoted the
implementation of credit bureaus as a way of improving
access to finance for both individuals and businesses. In
2003, no such structure existed for consumer credit
information in China. Not only was access to financing
reduced, but the quality of the entire lending industry was
also affected nonperforming loans represented a significant
proportion of the portfolio, risk management practices were
weak, and loans were poorly monitored. However, as this
smart lesson describes, creating financial infrastructure
such as a consumer credit bureau in large countries presents
a unique set of challenges. |
| topic_facet |
ACCESS TO FINANCE ACCESS TO FINANCING ADVISORY SERVICES BANK OFFICIALS BANKING SYSTEM BANKS BEST PRACTICE BUSINESS INFORMATION CENTRAL BANK COMMERCIAL BANKS CONSUMER CONSUMER CREDIT CREDIT BUREAU CREDIT BUREAUS CREDIT EXPERIENCE CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT REPORTING DEVELOPING COUNTRIES FINANCIAL INFRASTRUCTURE FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY INFORMATION SERVICES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS JOINT-STOCK COMPANY LARGE BANKS LENDER LENDERS LIQUIDITY LOCAL INSTITUTIONS MEDIUM ENTERPRISE MICROFINANCE NEW CREDIT NONPAYMENT NONPERFORMING LOANS PORTFOLIO PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE ENTERPRISE PROSPERITY REPUTATION RISK MANAGEMENT SAVINGS STAKEHOLDERS TRANSITION ECONOMY |
| author |
Paramanathan, Prashan Huang, Lin |
| author_facet |
Paramanathan, Prashan Huang, Lin |
| author_sort |
Paramanathan, Prashan |
| title |
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| title_short |
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| title_full |
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| title_fullStr |
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| title_full_unstemmed |
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau |
| title_sort |
creating financial infrastructure in a large transition economy – lessons from china’s new credit bureau |
| publisher |
World Bank, Washington, DC |
| publishDate |
2009-04 |
| url |
http://documents.worldbank.org/curated/en/2009/04/10618006/creating-financial-infrastructure-large-transition-economy-lessons-chinas-new-credit-bureau https://hdl.handle.net/10986/10567 |
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AT paramanathanprashan creatingfinancialinfrastructureinalargetransitioneconomylessonsfromchinasnewcreditbureau AT huanglin creatingfinancialinfrastructureinalargetransitioneconomylessonsfromchinasnewcreditbureau |
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