Individual bad credit to smother daily life   

个人征信将渗透生活细节 或影响购物买房找对象

郭田勇说道，“民营征信的一个‘亮点’就是个人征信数据采集从线下转移到线上，相对于线下，个人线上生活痕迹更容易被记录。八家民营企业中，不乏有腾讯、阿里等，这些企业业务更贴近民生，手握网民生活细节的大数据。”据悉，八家民营企业中，既有手握居民水、电、煤气、固话、宽带等缴费业务数据的拉卡拉，也有集社交、购物大成者的腾讯、阿里。[查看全文]

(ECNS) – Eight enterprises including tech giants Tencent and Alibaba have been urged to make preparations for the individual credit market, a new sign of China's changing credit rating system, according to a notice issued by the Bank of China.

The companies are authorized to collect, organize, and manage information related to individual credit and also offer reports to their customers.

A common agreement is that the credit of an individual will be based on their daily life.

Several enterprises have detailed data related to payment of utilities, landlines, broadband and social relationships, as well as online shopping.

Internet giants involved in instant messaging, social media, mass media, e-commerce and online gaming have huge advantages in producing individual credit reports.

The policy is expected to expand the influence of credit investigation, reflected mainly in applying for loans and credit-based consumption.

The opening market will affect every aspect of a person's life, says Guo Tianyong, a professor at Central University of Finance and Economics.

Data will be collected online rather than offline and details of people's lives are easier to record, says Guo.

Official sources on what kind of data will be used to check an individual's credit history are still unknown, however.

It is speculated that individual credit checks will be applied to matchmaking websites, house-renting, job-hunting and car-renting.

Guo says personal credit will be more and more important in China, and those without a good credit history will face many difficulties.