China to further improve social credit s...

BEIJING, March 2 (Xinhua) -- China will improve its social credit system to promote honesty and deter dishonest behaviors, a spokesperson with the annual session of the country's top political adviso

Uzbekistan plans to improve its OECD cre...

TASHKENT, Feb. 28 (Xinhua) -- Uzbekistan plans to improve its credit risk rating with the Organization for Economic Cooperation and Development (OECD) within a year to another point, the country's De

Botswana agrees to extend 95 mln USD cre...

HARARE, Feb. 28 (Xinhua) -- Botswana has agreed to extend a 1 billion Pula (about 95 million U.S. dollars) credit line to Zimbabwe, Zimbabwe's finance minister Mthuli Ncube said Thursday. He told Xin

The truths and myths about China's socia...

An episode from the popular TV series "Black Mirror" depicts a dystopian society where every person is constantly rated by others, and all their actions result in a score that follows them everywhere

Alipay to charge service fee for repayme...

Alipay will charge 0.1 percent service fee for repayment by credit card exceeding the free credit line from March 26, 2019, due to rising comprehensive operation costs, according to a statement relea

S&P Global to access China's credit rati...

China has allowed SP Global Inc. to enter its credit rating market, the central bank announced Monday, as part of the country's latest efforts to open up its financial sector. The Operations Office

Fintech and social credit: Benefits, cha...

Fintech (financial technology)is set to transform financial services, profoundly impacting the social credit system and the way we do business. Fintech employs innovative technologies in the design a

PBOC approves S&P's entry into credit-ra...

The People's Bank of China (PBOC), China's central bank, approved the entry of SP Global Inc. into the country's credit rating market, according to a statement on its website on Monday. The opening o