Core Insights - The People's Bank of China announced that six financial institutions in Shanghai successfully connected to the national credit information sharing platform for small and micro enterprises by October 2025, including four foreign banks, one rural commercial bank, and one private bank [1] - The platform aims to enhance the credit information interconnectivity for small and micro enterprises, serving as a crucial financial infrastructure to support high-quality economic development [1] Group 1: Participation and Impact - The inclusion of four foreign banks expands the platform's coverage and enriches the types of participants, injecting new momentum into the platform's support for economic development [1] - HSBC China plans to focus on small and micro enterprises as primary application targets, using the platform's information to verify business authenticity and scale, thereby mitigating financial risks [1] Group 2: Implementation Strategies - Standard Chartered Bank (China) is utilizing the platform for offline collateralized credit products, gradually establishing a mature application mechanism and integrating it into the credit business process [2] - Fubon Bank (China) is implementing application strategies for corporate and retail small micro-enterprise clients, using the platform for pre-loan assessments and post-loan management to reduce financing costs and enhance risk assessment capabilities [2] Group 3: Platform Development and Usage - Since the platform's launch in October 2024, the Shanghai headquarters of the People's Bank has actively supported its development and application, facilitating the connection of various institutions [3] - As of now, 30 banking institutions in Shanghai have connected to the platform, with over 100,000 queries made in the first three quarters of the year, supporting credit worth 41.2 billion yuan for over 6,800 enterprises, with more than 80% being small micro-loan enterprises [3]
全国首批！沪上4家外资银行接入上线