“Science and Technology Innovation Board Daily”, November 11 (Reporter Huang Xinyi) The People's Bank of China announced today that it has approved the personal credit reporting business license for Qiantang Credit Reporting Co., Ltd. (hereinafter referred to as “Qiantang Credit Reporting”). Qiantang Credit Reporting became the third licensed personal credit reporting agency after Baixing Credit Reporting and Pao Dao Credit Reporting.

According to reports, during the preparation period, Qiantang Credit Information has formulated more than 30 internal control systems including the collection, processing, provision and use of personal credit information, data classification and hierarchical management, information security management, and objection handling in accordance with relevant requirements. The company has set up a person responsible for personal information security and personal information protection to be responsible for the safety and protection of personal information.

After the establishment of Qiantang Credit Reporting, it will provide various personal credit reporting products and services, such as personal credit evaluations, to financial institutions and personal information subjects. It will develop misaligned with the basic financial credit information database operated by the People's Bank of China Credit Reporting Center, and compete differently with Baixing Credit Reporting and Pak Dao Credit Reporting to meet the needs of the diversified credit reporting market.

The relevant person in charge of Qiantang Credit Reporting said that Qiantang Credit Reporting will carry out personal credit reporting services in strict accordance with laws and regulations such as the Personal Information Protection Law, the Credit Reporting Industry Administration Regulations, and the Credit Reporting Business Administration Measures in accordance with the law, earnestly implement the requirements of financial supervision, implement the development concept of “credit reporting for the people”, protect data security and personal privacy, innovate and develop on the path of market-based legalization, and help improve the “five major articles” of finance.

In January of this year, Pan Gongsheng, Governor of the People's Bank of China, stated that the People's Bank of China will further promote the development of the credit reporting market and payment market. The People's Bank of China, together with the Zhejiang Provincial Government, is guiding Qiantang to apply for a personal credit reporting license.

According to an earlier announcement from the People's Bank of China, Qiantang Credit's shareholders are: Zhejiang Tourism Investment Group Co., Ltd. holds 35% of the shares, Ant Technology Group Co., Ltd. holds 35% of the shares, Transanhua Group Co., Ltd. holds 7% of the shares, Hangzhou Financial Investment Group Co., Ltd. holds 6.5% of the shares, Zhejiang Electronic Port Co., Ltd. holds 6.5% of the shares, and Hangzhou Xishu Enterprise Management Partnership (Limited Partnership) holds 10% of the shares.

Judging from this shareholding structure, Qiantang Credit Reporting maintains the characteristics of joint participation of state-owned capital and private capital. Zhejiang Tourism Investment Group and Ant Group each hold 35% of the shares, and the overall allocation of state-owned and private holdings is 48:52. Meanwhile, the two previously approved individual credit reporting agencies are also joint holdings of “state-owned capital+private capital.”

Among them, Baixing Credit Reporting holds 36% of the shares of the China Internet Finance Association, and eight credit reporting companies, including China Chengxin Credit Reporting, Beijing Huadao Credit Reporting, Tencent Credit Management, and Koala Credit Reporting, each hold 8% of the shares. It is worth mentioning that Sesame Credit is a third-party credit reporting agency wholly controlled by Ant Group.

The largest shareholder of Pu Dao Credit is Beijing Financial Group (35%), followed by JD Technology holding 25% of the shares, Xiaomi and Kuangshi Technology holding 17.5% of the shares, and Beijing Juxin Premium Enterprise Management Center (limited partnership) holding 5% of the shares.

You Xi, co-founder of the Communication Planet App, said that after being approved, Qiantang Credit Reporting will stimulate the vitality of market competition, exert the pangasius effect, achieve further breakthroughs in the field of innovation, and promote the improvement of the efficiency of the personal credit reporting industry. At the same time, it is also hoped that Qiantang Credit Reporting will explore new experiments using Internet data to make credit judgments in addition to traditional credit data.

It is worth noting that in today's intraday market, there were changes in Ant-related concept stocks. According to some sources, Ant Group's listing is expected to be approved. However, according to a relevant person close to Ant Group, to the “Science and Technology Innovation Board Daily” reporter, they have not heard of this incident. Ant officials also did not comment on this rumor.