![]() ![]() Not paying a debt will hurt your score, but so can infractions like a poor driving record or smoking in a non-smoking zone, Business Insider reported. Going far beyond positive credit score behavior, the social credit system peeks into every aspect of a person's life. The Chinese government is also in the process of implementing a mandatory "social credit" ranking system. ![]() However, the bank has been pushing back on the companies’ efforts ever since, due to concerns about private company overreach as well as the government’s plans to develop its own credit scoring system, Business Insider previously reported. The People’s Bank Of China (PBOC) gave eight private companies license to implement credit score pilot programs in 2015. Citibank opened its first branch in Chengdu, China, in 2005.
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