Ever since China opened up to the world in 1980's, the Shanghai Municipal Government, led by the Communist Party of China and the State Council, makes great effort to build the city into an international economic, financial, trade and shipping center. With the cooperation and hardwork of Shanghai people, the city is progressing to its goal as a global metropolitan. The new team of leaders of the Shanghai government took office in February 2003. "The power of the government is entrusted by the people; the interest of people is above all," as Shanghai Mayor Han Zheng promise in his inaugural. Guided by the Shanghai Party Committee, the city's new leadership vows to strictly perform its official duties; to make significant progress in self-improvement, and to intensify the shift of its role from administrative to public service. The Shanghai government will build itself into a service government that would share with the people all their happiness and troubles; a solid responsible government that is efficient, honest and diligent; a law-abiding government that respects legal system and rules strictly and impartially.

Upon the Implementation of Individual Management Measures in Shanghai, 3.7 Million Citizens will Have Their Own Credit Archive

07/06/2004

At present, the condition of individual is no long depending on the self-statement but on the individual report. With the implementation of "Shanghai Trial Measures for Individual Inquiry Management" in February, the associated inquiry for individual credit as a trial in Shanghai for years becomes legal.

It is heard that there have been 3.7 million citizens with their own credit archive at present. Any stain in credit may be kept for 7 years. However, the occasional delayed payment of utilities will be recorded.

"I ever delayed the payment of utilities, so will my named be recorded in the blacklist?" "If my friend borrowed my ID card to register for the monthly-charged mobile phone service and delayed the payment, is it fair to record the bad credit upon my name?" All such commonly concerned questions will be answered by the Trial Measures.

It is learned from Shanghai Credit Service Co., Ltd. that more and more citizens have begun to care for their own credit condition. It is indicated by the latest statistic data that the number of the citizens who ever checked their credit report has exceeded 1 million people (time) at present. These citizens want to get prepared when planning to apply for loan to buy houses and cars based on their credit condition.

It is disclosed that when a citizen applies for loan or the credit card to a bank, the bank will evaluate the citizen's credit condition based on his/her credit report and thus determine the refusal or approval.

At present, there are totally 3 spots for inquiring individual credit reports, Communications Bank Shanghai Branch Shixi Sub-Branch (350 Jiangning Road), CITIC Shanghai Branch Huaihaizhong Road Sub-Branch (1355 Huaihaizhong Road) and Bank of Shanghai Pudong Branch (699 Zhangyang Raod). The fee for every inquiry is 30 yuan.

Six questions about individual credit report:

1. What are covered in credit stains?

Credit stains means the negative credit information, including financial credit information and the social credit information, for example delayed payment of a considerable sum with evil intention, punishment by legal authorities, punishment of employees in certification, evaluation and consultation industries for the violation of credit by the industrial association.

According to internal practice, common negative information will be kept for 7 years and the one with serious or obvious evil intention will be kept for 10 years. However, according to the articles in the Trial Measures, the negative credit information will be kept for 7 years at most.

2. Will the occasional delayed payment of utilities be recorded in the "blacklist"?

This depends on the degree of delay, including time and frequency and not all delays must be recorded in the credit report.

The utilities regulatory bodies have the criteria of delayed payment. The person who commits delay of payment for many times during a certain period will be recorded, but these records will not be input into the "blacklist". In addition, before the utilities regulatory bodies set the delayers' name, they will verify this and inform the delayer. Whatsoever, the record of delay of payment will influence the credit evaluation.

3. How to deal with "carrying the can"

In real life, if your ID card is used by others without authorization to register the monthly-charged mobile phone service and the person refuses to pay the communication fee with evil intention, the negative credit information will be recorded under your name; if the tenant delays to pay the utilities with evil intention, the negative credit information will be recorded on the owner's name. How to deal with such conditions?

There is a special stipulation in the Trial Measures to deal with the discrepancy. When you find the information in your individual credit report incorrect, incomplete or irrelevant, you can lodge your disagreement to the organization for credit inquiry and ask for correction. The organization for credit inquiry must correct the wrong information based upon the verification; otherwise keep it as it is and note the disagreement and the reasons.

4. Does the individual credit report interfere with the personal secret?

It is obviously stipulated in the Trial Measures that the information irrelevant to the individual credit, personal information like nationality, race, family history, religious belief, shape, gene, blood type, disease and medical history, and other secret information stipulated by laws cannot be collected by the organization for credit inquiry.

The information collected in the individual report mainly includes: basic personal information- personal identification, family and job, individual credit formed during the loan application between individual and financial organization or urban housing provident fund manager center, individual purchase upon tally and payment formed during the business upon tally between individual and commercial organizations or utility service organization, and the public record in relation with individual credit formed during the practices of administrative authorities, executive authorities for administrative affairs and legal authorities.

5. Can others inquire my individual credit report?

At present, only under following conditions can the individual credit reports be inquired: when the members of council of Shanghai individual credit data center have business with citizens, for example offering the intention on credit, purchase upon tally, lease, employment, insurance and guarantee, in order to verify the credit condition, they can inquire the citizens' credit reports with the citizen's authorization; able to inquire the citizens' credit reports with the intention to dun the delayed payment and relevant certifications; the citizens inquire their own credit report with their own ID card.

Every inquiry and every operation for the credit report will be traced. There are special people to check the inquiry regularly. Every inquiry will be finished only upon the joint verification of two inquiry operators, who must bear the responsibility to keep secret.

6. Does high individual credit score mean the high creditability?

Shanghai Credit Service Co., Ltd. has introduced the individual credit evaluation, using models and computer to collect, calculate and quantitatively analyze the individual credit information. The score of individual credit ranges from -600 to 1700, from the lowest to the highest.

Score is related to the creditability, however it is never absolute that high sore means high creditability. In precise, every score represents a risk probability. From the view of banks, the loan to an individual with good creditability is still under risk. For example, if he uses the loan to start business, there is still the risk for his failure. As a result, the group with high score has a lower risk probability and the group with low score has a higher risk probability.
The Shanghai government 2006