id okr-10986-10567
recordtype oai_dc
spelling okr-10986-105672021-04-23T14:02:51Z 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 http://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 World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific China
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
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
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
Paramanathan, Prashan
Huang, Lin
Creating Financial Infrastructure in a Large Transition Economy – Lessons from China’s New Credit Bureau
geographic_facet East Asia and Pacific
China
relation IFC Smart Lessons Brief
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.
format Publications & Research :: Brief
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 2012
url http://documents.worldbank.org/curated/en/2009/04/10618006/creating-financial-infrastructure-large-transition-economy-lessons-chinas-new-credit-bureau
http://hdl.handle.net/10986/10567
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