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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Bibliographic Details
| Main Authors: |
Paramanathan, Prashan,
Huang, Lin |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2009-04
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| Subjects: | 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, |
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| Online Access: | 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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