China TelecomCredit Co.,LTD.was established on December 11, 2014 in Shanghai.The company is China Telecom's subsidiary in personal and corporate credit business.On May 5, 2015, the application of enterprise credit rating agenciessubmitted to the PBC andwent publicity on the websites of people's Bank of China headquarters in Shanghai,and this company became the first legally independent credit assessment and credit management agency from ISPs in China. The security level of the company information system is three.
By integrating the internal and external credit data, the product of China Telecom Credit has been fully applied to China Telecom's internal financial services. The consumer finance business and small loan business which is promoted all over the nation by Bestpay are supported by the China Telecom Credit in the credit evaluation. Moreover, the company is expanding its business inthree major marketcategories of traveling, accommodation and livelihood as well in order to open up its business and realize the breakthrough in the credit product applications. China Telecom Credit is injecting new vitality into the credit market while helping constructing Internet financial integrity.