According to Article 6 of the Regulations on the Administration of Credit Information Industry, the establishment of a credit information agency engaged in personal credit information business shall meet the company establishment conditions and the following conditions stipulated in the Company Law of People's Republic of China (PRC), and be approved by the supervision and administration department of credit information industry in the State Council:
(1) The major shareholder has a good reputation and has no record of major violations of laws and regulations in the last three years;
(2) Its registered capital is not less than 50 million yuan;
(3) Having facilities, equipment, systems and information security measures that meet the requirements of the supervision and administration department of credit reporting industry in the State Council;
(4) The directors, supervisors and senior managers to be appointed meet the post-holding requirements as stipulated in Article 8 of these Regulations;
(5) Other prudential conditions as stipulated by the supervision and administration department of credit information industry in the State Council.
Extended data:
Article 10 of the Regulations on the Administration of Credit Information Industry: The establishment of a credit information agency engaged in enterprise credit information business shall meet the conditions stipulated in the Company Law of People's Republic of China (PRC), and shall, within 30 days from the date of approval and registration by the company registration authority, send an agency to the local credit information supervision and management department of the State Council for filing, and provide the following materials:
(1) Business license;
(2) Description of the ownership structure and organization;
(3) Basic information on business scope, business rules and business system;
(4) Information security and risk prevention measures.
Where the record items are changed, the original record-keeping institution shall handle the change record within 30 days from the date of change.
Baidu Encyclopedia-Regulations on the Administration of Credit Information Industry