HKAB, DTCA and HKMA on Expansion of Coverage of Commercial Credit Data

CCRA was established on November 01, 2004, under the industry’s initiative and with the strong support of HKMA. CCRA collects information about the indebtedness and credit history of business enterprises and makes this information available to lending institutions. It aims to strengthen credit risk management capacity of authorized institutions and to facilitate fair and effective access to credit by business enterprises. CCRA initially covered small and medium-size enterprises (SMEs), which were non-listed limited companies with an annual turnover up to HKD 50 million. Then, in March 2008, CCRA had expanded its coverage to include sole proprietorships and partnerships. 

Keywords: Asia Pacific, Hong Kong, Banking, Commercial Credit Data, CCRA, HKAB, DTCA, HKMA