|China central bank to issue eight credit bureau licenses|
|Thursday, 27 August 2015|
In the next few weeks the China central bank will officially issue eight credit bureau licenses. That’s important because with the yuan devalued, the China Composite crumbling, and the Chinese government trying to reorient the economy from investment to consumption, issuing these licenses and building out its credit ecosystem today is a strategy that will continue to propel China to be a global powerhouse.
Tom Brown, senior vice president, financial services, LexisNexis Risk Solutions has been meeting and working with some of the eight Chinese credit bureau companies. He can offer insights and commentary around the real-world economic impact of this news, specifically addressing the following topics:
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