Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau

Paramanathan, Prashan ; Huang, Lin

World Bank, Washington, DC

关键词: ACCESS TO FINANCE;    ACCESS TO FINANCING;    ADVISORY SERVICES;    BANK OFFICIALS;    BANKING SYSTEM;   

RP-ID  :  48678

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

International Financial Corporation(IFC) and the World Bank have in recent years promoted theimplementation of credit bureaus as a way of improvingaccess to finance for both individuals and businesses. In2003, no such structure existed for consumer creditinformation in China. Not only was access to financingreduced, but the quality of the entire lending industry wasalso affected nonperforming loans represented a significantproportion of the portfolio, risk management practices wereweak, and loans were poorly monitored. However, as thissmart lesson describes, creating financial infrastructuresuch as a consumer credit bureau in large countries presentsa unique set of challenges.