Ant Groups's credit payment platform, Huabei, has been integrated into China's central bank credit reporting system. The inclusion comes amid the growth of the digital economy and will not affect users' loan applications, the Huabei team said in an open letter on its official Weibo account on Wednesday.
The statement comes after Huabei users have received a notice from the company to up-grade their Huabei service and they are asked to sign authorization to report relevant in-formation to financial credit information database.
In response, Huabei announced that some users are already able to look up Huabei-related records in their credit reports after providing authorization for credit information re-porting. Going forward, the central bank's credit reporting system will be able to serve all Huabei users.
With users' prior authorization, information that Huabei reports to the central bank's credit reporting system include the date of account set-up, credit lines, usage, as well as the sta-tus of credit repayment.