Ren Yongmei, director of the People's Bank of China's credit bureau, said on the 2nd that China's credit system construction has always adhered to the "government+market" two wheel drive model and vigorously developed the multi-level credit market. By 2024, personal credit reporting agencies will provide over 70 billion credit rating, credit profiling, anti fraud, and other types of credit reporting services. Ren Yongmei introduced the above situation at a press conference held by the State Council Information Office on the same day. She stated that market-oriented credit reporting agencies are an important component of China's credit reporting system. The People's Bank of China has successively approved the establishment of three market-oriented individual credit reporting institutions, namely Baihang Credit, Pudao Credit and Qiantang Credit, to support institutions with data, technology and market access to the enterprise credit reporting market, promote the market-oriented transformation and upgrading of local credit reporting platforms, and support qualified enterprise credit reporting institutions to participate in the operation of the financing credit service platform. Data shows that by 2024, 154 corporate credit reporting agencies will provide various credit reporting services 36.5 billion times; As of the end of 2024, the credit reporting platform has provided services to nearly 7 million business entities, contributing to a financing scale exceeding 24 trillion yuan. Ren Yongmei introduced that China has built the world's leading public credit reporting system with the widest service coverage and data scale. As of the end of 2024, the basic database of financial credit information has collected credit information of 1.16 billion natural persons, 140 million enterprises and other organizations, and provided credit report query services 6.7 billion times throughout 2024. Recently, the "Opinions on Improving the Social Credit System" were released to the public. Ren Yongmei said that in the next step, the People's Bank of China will, in accordance with the relevant work deployment, increase credit reporting support for scientific and technological innovation, inclusive microenterprise, green development and other fields, strengthen data technology empowerment, deepen the application of new technologies such as big data, artificial intelligence, blockchain in the credit reporting field, and achieve high-quality development and high-level security in the credit reporting industry. (New Society)