Requirements and procedures for applying for personal credit (enterprise) licenses

For personal credit license application，What does it mean for the business?

Require

，its

Process

So what? The application of a personal credit license mainly consists of four parts:：

1. To enterprise、Review of shareholder qualifications
2. Preparation of submitted materials
3. After accepting the application, some information will be released
4. It is worth noting whether the People's Bank of China finally approves，The only approval authority is the People's Bank of China。
5. To enterprise、Qualification review of shareholders Shareholders must be in good standing，No major violations of laws and regulations in the past three years；Registered capital is not less than RMB 50 million；Have facilities to ensure information security that comply with the provisions of the State Council’s credit industry supervision and management department、equipment and systems、measure；Other prudential conditions stipulated by the credit reporting industry supervision and administration department of the State Council。

In addition to complying with the above provisions，The following conditions should also be met：

1. Have a sound organizational structure；
2. Have sound business operations、Information security management、Compliance management and other internal control systems；
3. The personal credit information system complies with the national information security protection level level two or above standards。Having these

Require

back，Only enterprises can apply to the People's Bank of China for personal credit reporting agency,Certain materials need to be submitted。

Senior management positions

Require

：Integrity and honesty，good conduct；College degree or above；Engaged in credit reporting for more than 3 years or engaged in finance、law、Accounting、Economic work for more than 5 years；Possess the necessary management skills to perform their responsibilities；Familiar with laws, regulations and professional knowledge related to credit reporting business。

If due to corruption、bribe、misappropriation of property、Misappropriating property or disrupting the socialist market economic order，sentenced，or be deprived of political rights due to crime，The execution period has expired less than 5 years ago；Have records of major violations of laws and regulations in the past three years，Not allowed to serve as a director of a personal credit reporting agency、Supervisors and senior managers。

1. Submit the materials to prepare the application form for establishing a personal credit reporting agency；Credit reporting business feasibility study report，including development plans、Business strategy, etc.；Articles of Association；Description of shareholder related relationships and actual controllers；A statement from the major shareholders that they have no major violations of laws and regulations in the past three years and a credit report from the major shareholders；Proposed Director、Qualification certificates for supervisors and senior managers；Description of organizational structure and basic personnel composition；Established internal control system，including business operations、Security management、合规性管理等；Personal credit information system security evaluation report issued by an institution with national information security level protection evaluation qualifications，Description of information security measures and related security systems；Documents proving ownership or right to use business premises；Copy of the enterprise name pre-approval notice issued by the industrial and commercial administration department。
2. Disclosure of Partial Information: The People's Bank of China shall disclose the following matters of the applicant after accepting the application for the establishment of a personal credit reporting agency.：The name of the credit reporting agency to be established、business place、Business scope；The capital of the proposed credit reporting agency；List of major shareholders of the proposed credit reporting agency and their capital contributions or shares held；Proposed directors of credit reporting agencies、List of supervisors and senior managers。
3. Approval The People's Bank of China will review the application matters within 60 days from the date of accepting the application for the establishment of a personal credit reporting agency.，And make decisions on approval or disapproval based on the prudential principle that is conducive to fair competition and healthy development of the credit reporting industry.。decided to approve，Issue a personal credit reporting business license in accordance with the law。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。