At first, it took paper loan certificate as the embryonic form, and gradually developed into an enterprise credit information market with equipment informationization, specialized content and diversified business. China's enterprise credit reporting has roughly experienced four stages of development, as follows.

Participants in China enterprise credit information market.

There are two main types of participants in China enterprise credit information market, one is credit information system, and the other is market-oriented credit information institutions. Credit information system refers to the Credit Information Center of China People's Bank; Market-oriented credit reporting institutions include Sino-foreign joint ventures, foreign-funded institutions and domestic-funded institutions. By the end of February, 2020, there were 13 1 companies registered with the People's Bank of China.

At present, China's enterprise credit information market has formed a development pattern based on the central bank credit information system and extended by market-oriented credit information institutions.

Enterprise Credit Information of Credit Information Center of China People's Bank

-Construction of enterprise credit information system in the credit information center of the central bank.

The credit information system of China People's Bank is the largest in the world. By the end of February 2020, the central bank's credit information system had collected 60.923 million articles from enterprises and other organizations, and in 2020, enterprises inquired about 69.35 million articles of credit information reports.

—— Types of enterprise credit information products in the credit information center of the central bank

The corporate credit products of the Credit Information Center of the People's Bank of China are mainly corporate credit reports, which extend the business of credit asset structure analysis, corporate risk early warning and related inquiry. Enterprise credit report is the most basic and important product of the central bank, which mainly collects basic customer information, credit information, public life information, report information and so on through channels such as commercial banks and branches of the People's Bank of China.

Types of credit information products of market-oriented institutions and enterprises

Market-oriented institutions have many types of corporate credit products. According to official website, a domestic enterprise credit reporting agency with strong comprehensive strength, the enterprise credit reporting business mainly includes commercial credit reporting service, due diligence service, credit monitoring service, credit risk solution, financial leasing business promotion, entity rating and debt rating. The remarkable feature of market-oriented credit reporting institutions is that their business can develop in time with the market demand and effectively meet the new market demand.

—— The above data refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Credit Information Industry by Forward-looking Industry Research Institute.