Longxinshang is a credit system established by China Construction Bank itself, just like Alipay Zhima Credit.

Longxin Commercial mainly accurately measures the credit level of market entities based on five dimensions: personal identity characteristics, personal preferences, credit history, behavioral relationships, and contract performance capabilities. Longxin Commercial uses quantified credit quotient values ??to evaluate individuals. The awareness and ability to be trustworthy, the creditworthiness of all parties can be clearly seen at a glance.

The role of Longxinshang:

1. Housing leasing: providing credit information to both parties to the transaction to solve the problem of opaque information and lack of credit;

2. Inclusive finance: Provide credit merchant inquiries for Yunongtong platform customers and assist account managers in conducting merchant reviews;

3. Marketing customer acquisition: Some low-scoring customer groups can be filtered out through the quantification of Longxin merchants’ scores , provide more sophisticated marketing strategies and customer services: we can provide non-financial convenience services and preferential rights such as free umbrellas and free deposits to customers with higher credit scores

Extended information

CCB Credit Rating:

Standard & Poor's

In September 2005, Standard & Poor's raised CCB's long-term foreign currency rating from BBB- to BBB, and its short-term rating from A-3 to A-. 2. The long-term rating outlook is stable, and the basic strength rating is adjusted from D to C. In December 2006, Standard & Poor's revised CCB's rating outlook from stable to positive.

In November 2007, Standard & Poor's raised China Construction Bank's long-term foreign currency issuer credit rating from BBB to A-, and the rating outlook changed from positive to stable; the short-term issuer credit rating remained A-2, and the bank's basic strength The rating remains C.

In December 2010, S&P raised CCB's long-term rating outlook from stable to positive.

In November 2011, Standard & Poor's raised China Construction Bank's long-term foreign currency rating from A- to A, its short-term rating from A-2 to A-1, and its long-term rating outlook from positive to stable, while canceling the basic Strength rating. In December 2015, Standard & Poor's confirmed CCB's individual credit status as bbb, with a long-term rating of A, a stable outlook, and a short-term rating of A-1.

In September 2017, Standard & Poor's lowered China's long-term sovereign rating from AA- to A, its short-term sovereign credit rating from A-1 to A-1, and the outlook for the long-term rating was changed from negative to stable; It is confirmed that China Construction Bank's long-term rating A and short-term credit rating A-1 are maintained, with a stable outlook; the individual credit status is lowered from bbb to bbb.

Moody's Investor Services

In November 2005, Moody's raised CCB's financial strength rating from E to D-, maintaining CCB's A2 rating for long-term deposits and P-1 for short-term deposits. Rating, outlook is stable. In July 2006, Moody's revised CCB's rating outlook to positive.

In July 2007, Moody's raised CCB's long-term foreign currency deposit rating from A2 to A1, while its P-1 short-term deposit rating remained unchanged, with a stable outlook. In August 2007, Moody's changed the outlook on China Construction Bank's bank financial strength rating from stable to positive.

In November 2009, Moody's changed the outlook for China Construction Bank's A1 long-term deposit rating from stable to positive. In June 2010, Moody's raised CCB's financial strength rating from D- to D, with a stable outlook. The foreign currency deposit rating remained P-1 for the short term and A1 for the long term, with a positive outlook, the same as China's sovereign rating.

In September 2010, Moody's changed the outlook for China Construction Bank's A1 long-term deposit rating from positive to stable. In April 2014, Moody's confirmed CCB's A1 long-term deposit rating and P-1 short-term deposit rating, with a stable outlook, and raised CCB's bank financial strength rating from D to C-.

In March 2016, Moody's adjusted the outlook on China's Aa3 rating from stable to negative, and adjusted the rating outlook on 25 Chinese non-insurance financial institutions (including China Construction Bank) to negative.

In May 2017, Moody's downgraded China's long-term sovereign rating from Aa3 to A1, with the outlook changed from negative to stable; it confirmed CCB's long-term rating of A1, with the outlook changed from negative to stable, and the short-term rating was P1. , the basic credit assessment is baa2. In May 2018, Moody's confirmed that it maintained CCB's A1 long-term deposit rating, with a stable outlook, and the basic credit assessment was raised from baa2 to baa1.

Fitch Ratings

In November 2005, Fitch raised China Construction Bank's individual rating from D/E to D, confirming that the long-term foreign currency debt rating was A-, and the short-term foreign currency debt rating was A-. The rating is F2 and the rating outlook is stable. In September 2006, the rating outlook was revised from stable to positive.

In November 2007, Fitch raised China Construction Bank's long-term foreign currency issuer default rating from A- to A, and its short-term issuer default rating from F2 to F1. The rating outlook was changed from positive to stable. The rating is confirmed as D.

In May 2012, Fitch Ratings confirmed China Construction Bank's long-term foreign currency issuer default rating as A, the rating outlook as stable, the short-term issuer default rating as F1, and the viability rating as bb.

In May 2018, Fitch Ratings confirmed CCB's long-term foreign currency issuer default rating as A, with a stable rating outlook, short-term issuer default rating as F1, and raised its viability rating from bb to bb.

Reference: China Construction Bank--Credit Rating