Piaodao Credit’s (朴道征信) license application was accepted by the PBOC in early December. This could potentially be the 2nd individual credit license in China after Baihang Credit in March 2018. In August 2015, the PBOC announced 8 trial individual credit companies would be allowed to conduct such business, but as the 8 were not willing to share data and form a united credit system, none of them acquired the license in the end. On the contrary, the PBOC authorized a separate company Baihang Credit with the 1st individual credit license. This time with Piaodao, a state-owned institution Beijing Financial Holding Group is the biggest shareholder. JD Digits, Xiaomi and facial recognition technology vendor Megvii who can provide consumption use-cases, data analysis and technology are main shareholders too.