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cctv news: on october 1, the state administration for market regulation and the national data administration made it clear that pilots for the development and utilization of credit data will be carried out for the first time in suzhou, hangzhou, jinan, wuhan, changsha, shenzhen, chengdu and xi'an.

in this round of pilots, the market supervision department will orderly open the credit data of individual industrial and commercial households to some payment institutions to facilitate verification by payment institutions, thereby helping individual industrial and commercial households in need to quickly upgrade their payment codes and make their payment codes support credit card payment, thus broadening customer acquisition channels for individual industrial and commercial households, and also provide payment convenience for overseas personnel in china who are accustomed to using credit cards for consumption.

the pilot uses "data available but not visible" technical means to not only ensure data security, but also release the value of data elements, striving to benefit individual business households, overseas personnel in china, and payment institutions.

zheng lei, director of the digital and mobile governance laboratory at fudan university, said: “the credit data opened this time belongs to public data, and these credit data such as individual business registration information, which were originally only used within government departments, are released to external institutions in need. , is a reform measure that will help create a better business environment.”

the two departments stated that the total number of individual industrial and commercial households in the eight cities under this pilot accounts for approximately 9.3% of the country's total, and it is expected that this pilot will cover more than 11 million individual industrial and commercial households.

source: cctv.com