By April this year, over 700 financial institutions and companies, mostly online microlenders, had connected to Baihang』s credit database, according to state media. This means those companies can feed in their credit transaction data in return for getting fuller credit histories on users.
「We』d like to get personal information and credit data from Tencent and Alibaba,」 said one Baihang employee who asked to stay anonymous. 「Names, ID and phone numbers, histories of borrowings and paybacks.」
The People』s Bank of China launched Baihang, a private credit scoring company, in March 2018 in order to create a national system that would cover the 460m Chinese who have no formal credit histories but who may be relying on the country』s vast fintech sector for loans.
In particular, since Tencent and Sesame hold the most customer data by far of any of their peers, they have the least to gain from pooling their credit data with Baihang.
Tencent Credit and Sesame Credit are among eight fintech companies, including Ping An Bank』s Qianhai Credit and Kaola Credit, that each own an 8 per cent share of Baihang. The National Internet Finance Association, an industry body, holds the remaining 36 per cent.
澎湃新聞在當時的報道中提到⊿，穆迪在報告中認為↑，百行徵信將為非銀行消費金融參与者如P2P網貸平台等目標客戶機構填補消費者信貸記錄的信息缺口♂⊙☆。該機構表示⊙⌒，對發放個人貸款的銀行和消費金融資產支持證券 （ABS） 具有正面信用影響□△▽，原因是百行徵信將使用非銀行消費者行為數據作為其個人徵信信息來源♂∴，銀行和資產證券化交易發起人可以藉此完善貸前審批、結構設計和貸后監測∴，從而提升其個人貸款資產組合質量〇⊙。
Instead, the PBoC set up Baihang and made the fintech giants shareholders in the new company in an attempt to break the tech giants』 oligopoly on credit data. But the new shareholding scheme has not smoothed the path to co-operation.
「If it had been the [PBoC] itself asking for data, rather than this arm』s-length lower-level body, then perhaps they would have given it,」 the former employee added. Sesame Credit declined to comment. Baihang and Tencent did not respond to requests for comment.
But despite operating for a year and a half and being the only company licensed in China to provide personal credit scores, Baihang』s coverage of users has been patchy. The lack of co-operation highlights the struggle between the government and China』s major tech companies over control of user data.
All the eight companies are major credit scoring companies that were given temporary permission back in 2015 by the PBoC to explore and develop an all-encompassing personal credit scoring model. But the PBoC revoked their permissions after considering the pilot to have failed.
Tencent』s Tencent Credit and Alibaba』s Sesame Credit, part of its Ant Financial payments affiliate, were forced to abandon their own attempts at building credit-scoring schemes after the PBoC revoked their permissions to do so in February 2018.
A former employee of Tencent, who was familiar with the negotiations between Baihang and its member companies, also confirmed that Tencent and Alibaba were not sharing their loan transaction data.
目前↑∴，僅有3家股東同意將數據接入百行徵信系統♂。但FT沒有點出具體是哪3家∟π∴。附原文：China』s tech giants Tencent and Alibaba are refusing to co-operate with a government-backed credit scoring programme by withholding access to their troves of customer loans data, according to two people familiar with the project.
However, according to the Baihang employee, only three of the eight shareholding companies have agreed to feed their data into Baihang』s system.