Recently, the Central Bank issued “Credit Institution Regulatory Guidelines.”The main points of this guideline includes: establishment of consumer credit institutions safety requirements; measures to examine and record credit institutions; requirements for credit institutions to establish a guarantee fund based on 10% of a company’s total registered capital; requirements to conduct on-site inspections for credit institutions; and requirements to enhance the security and protection of information.

December 8, 2015- People’s Bank of China, Shanghai Branch leaders visited 3ACredit’s Shanghai office to conduct an on-site evaluation of the Company administration practices, internal control systems, business information system safety, and business information collection procedures.

November 15, 2015- The International Credit and Trade Finance Association’s annual global trade seminar was held in Ft. Lauderdale, Florida. International credit risk management industry professionals gathered to discuss global economic development, country risk evaluation, export credit challenges etc. 3ACredit’s CEO, Julian Chen, attended this event, and gave the keynote speech on the current situation of China’s credit management and collections industry.

November 2015- To support 3ACredit’s growing business, the company set up a wholly owned subsidiary in Kunshan to strengthen business operations. The new company’s scope of business includes Business Management Consulting, Economic Information Consulting, Trade Information Consulting, Business Information Consulting, Company Credit Services, Database Management Services, Market Information Consulting and Investigation Services etc.

Proper identification, in relation to Credit granting, always has been a bottleneck, preventing the development of Internet finance in China.”On November 12, 2015, a representative of the National Development and Reform Commission announced that before the end of the year, the Chinese government will assign a unified social credit code to every corporation to improve information sharing. To summarize, the “social credit code system” is based on a citizen’s identification number and an entity’s organization code.

November 11, 2015- “Traditional Credit enters into a New Era” was the theme of 3ACredit’s 2015 Product Launch Press Release at the Westin Hotel in Pudong, Shanghai. Members of Shanghai’s Financial Office, Shanghai’s Credit Association, and representatives of well known domestic investment institutions, banks, insurance and credit management companies were in attendance.

November 8, 2015, 3ACredit participated at the largest credit event in the Netherlands. 3ACredit had a booth at this exhibition and was the only representative coming from China. It’s the 11th year that this event took place and almost 2’000 credit professionals attended.

Since opening the individual consumer credit information market in January this year, the first eight private companies have released various consumer credit rating products. At the same time, some of these innovative plans have been met with controversy.

To improve communication between Asia Pacific credit information institutions, the People’s Bank of China and the World Bank co-hosted the Symposium on Credit Reporting in Asia Pacific and Personal Data Protection.

On October 16 and 17 the annual congress of the Federation of European National Collection Agencies (FENCA) took place in Stockholm (Sweden).  Amongst the 200 participants was Mr. William Bastiaan, independent Board Director, who represented 3ACredit. His presentation on Debt Collection in China was well received.

In October 3ACredit became member of the Business Information Industry Association (BIIA). BIIA is based in Hong Kong and is a trade association for providers of a wide range of business information services that help other businesses manage growth and reduce risk.

Until September of 2015, there were approximately 21 million legal persons on record in China’s Credit System, of which 10 million are institutions who have taken out loans from financial institutions; 870 million natural persons, of which 3.7 million have credit history available.

September 2015- To further expand business operations in North China , 3ACredit established a Beijing Branch Office. Since becoming a public company, 3ACredit’s credibility has increased drastically. The level of business is steadily improving, along with the capacity for product innovation. Establishment of the Beijing branch represents 3ACredit’s strategic focus on Shanghai as the center, Beijing as the supporting arm, to begin its nationwide trend.

August 2015- 3ACredit released its half-year financial report as required by the National Equities Exchange and Quotations (NEEQ). During the terms of the report, 3ACredit’s operating income reached 12.1 million RMB, realizing a 145% increase from the previous year. Net profit was 4.1 million RMB, a 252% increase from last year. 3ACredit listed on the the NEEQ exchange on July 17, 2015, to become the first publicly listed credit information company in China. After reviewing 3ACredit’s business aptitude and development potential, many institutional investors have shown interest in the company.

With 3ACredit’s official listing to the National Equities Exchange and Quotations (NEEQ) market, the firm’s round A financing is also nearing completion. Investment giants have optimistic views regarding 3ACredit’s strong market potential to build a comprehensive credit industry value chain. In the backdrop of a rapidly developing big data industry, 3ACredit possesses the necessary ecology of big data to make it stand out. After 3ACredit completes its Round A financing, the company plans to expand its services to include personal credit information services. 3ACredit will launch new internet credit products such as “Gu-Gu-Web” and “3A-eBiz”, as well as a variety of other online credit platforms to support the internet banking scene.

3ACredit becomes an approved Credit Information Provider on the People’s Bank of China’s newly released official list of credit information service agencies. 3ACredit’s Rating System focuses on an enterprises’ turnover rate and solvency rate to build a comprehensive and dynamic corporate rating system. Currently, 3ACredit’s database includes credit information on over 60 million companies in 25 countries. In its Chinese database alone, 3ACredit has information on more than 26 million companies.

3ACredit releases Version 4.0 of the Data Processing Platform for system testing. The new version improves system and data management, optimizing data management structure, report flow, report production, order management etc.

3ACredit endeavors to improve constantly. The company makes continuous arrangements to increase company credibility, improve quality of work, and strengthen innovative capability. 3Acredit makes preparations to establish a branch office in Beijing to expand its North China operations. The branch inauguration ceremony is predicted to be held mid September.

Credit institutions are itching to become a part of the second wave of licensed agencies in the personal credit industry. However, there are some hurdles to overcome. For example, industry experts shine light on the lack of bank credit repayment records for over 500 million creditors who have never taken out loans with the bank. How to provide credit information on this group of people will be the entry point for many private credit institutions.

To understand Shanghai's credit industry and foster growth and development, the City Vice Mayor Zhou Bo meets with the Shanghai Credit Industry Association, as well as other Credit Rating Agencies for an informative discussion. 3ACredit COO Mr. Yao was also in attendance.

The 2015 National Bank Credit System forum was recently held in Beijing. The Forum summed up the 2014 credit system, real estate financing registration system, and the construction of accounts receivable service platforms, as well as the next phase of development in the credit industry. The People’s Bank of China Party Committee Member, Assistant Governor, Yang Ziqiang stated that China’s credit industry has entered into a new phase of internet data and technology development that is leading changes throughout the field of credit information.

3ACredit becomes the first and only credit information company to publicly list in China. The Company is listed on the National Equities Exchange and Quotations market. Its ticker symbol is: 832754.

Back in January, the Central Bank gave eight private companies, including Alibaba, six months to help develop a personal credit reporting service operation. Recently, those eight companies concluded the Central Bank’s “test”, and are awaiting the appropriate license.

Reporters from CCTV, People’s Daily, Xinhua News, Shanghai Securities News and other top media entities, visit 3ACredit’s Shanghai office. COO, Mr. Steven Yao, gives a full account of the company’s present situation and future goals. “3ACredit is a pioneer in China’s Credit Rating and Risk management industry. We are committed to building a full-service credit industry chain”.

The first Global Credit Rating Forum was held on June 29, 2015 in Beijing. The goal of the forum was to bring together international credit specialists to discuss how to construct a new international rating system that would prevent another devastating event such as the 2008 global credit crisis. One hot discussion is that through data integration and analysis, personal and corporate credit will be bundled together, welcoming the “Big Credit” era.

3ACredit has been growing continuously since its establishment in 2000, and in order to meet business development and expansion needs, the company has relocated to The Watts Gallop Tower at Shanghai Baoshan District, 2816 Yixian Road. 3ACredit occupies the 12th floor with over 1800 square meters to meet its growth needs.

Creditreform, Europe’s largest Credit Information provider with over 135 years of experience, visits Shanghai to meet with 3ACredit directors and Shanghai’s Pudong Financial Government to discuss the methods behind Creditreform Rating AG’s rating technology. Creditreform Rating AG is the fourth largest rating agency in the world, and is the European Central Bank’s official provider. 3ACredit plans to incorporate Creditreform Rating AG’s technology to create a new rating model. While providing ratings for companies, the company will also set foot in the individual consumers rating territory to perfect the assessment service and satisfy market needs.

3ACredit appoints Mr. Yao Xiang as the new company COO to take charge of marketing and operations, as well as global enterprise development. Mr. Yao holds an MBA from Donghua University and is a Certified Business Executive. Mr. Yao has been with 3ACredit since September of 2008.