The signing ceremony for credit platform access of Hunan rural banks was held in Chenzhou city. Six rural banks of Hunan province signed the cooperation contract with the settling account center of People’s Bank, Changsha Branch, which achieved a butt joint breakthrough for the provincial small micro- finance institutions and credit information.

This access of credit information system can be helpful for maintaining financial stability, promoting credit service, and preventing and reducing the credit risk of small and medium-sized institutions. Till now, 815 million national persons, 18.38 million enterprises and other organizations have established the credit file. Meanwhile, 620 and 598 financial institutions get access to individual credit system and enterprise credit system separately.

As a new type of financial institution, it is bad for the rural bank’s credit risk prevention due to the absence of access to credit information system. Under its rapid development, the rural bank is in urgent need of the credit information system to enhance the credit risk management and upgrade the efficiency of credit approval. This cooperation between rural banks and the settling account center is greatly helpful for its access to the credit information system with enough data.

Zixing SPD Rural Bank is the first rural bank settled in Chenzhou city. Now some more rural banks are opened to public in Yizhang, Guiyang and Yongxing County. Linwu County’s rural bank is under preparation. The rural bank is becoming an important force to the financial support of the development of “three rural” and small and micro enterprises. At the end of September, the rural bank deposit balance reached 2.598 billion yuan and balance of loans amounted to 1.249 billion yuan.