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Huabei will only allow users who authorize sharing their credit info with PBOC to use its service. The central bank’s database will retain account setup dates, credit line amounts, repayment status and other information as part of monthly reports from Huabei to PBOC, but the company won’t offer up specific transaction information.
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“Inclusion of Huabei credit information into the PBOC’s credit reporting system will help enhance the comprehensiveness of users’ credit reporting information,” Huabei said in the post. “We recommend that users continue to maintain rational use of Huabei, spend within their means and make appropriate use of credit tools.”
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