Chinese central bank gives advice on how to win over a future mother-in-law
- More people are asking for financial details before they give permission for their daughters to get married, according to PBOC vice-governor Chen Yulu
- He says this is one example of how the bank’s credit record – part of China’s controversial experiment in social management – can be used
China’s central bank vice-governor has some advice for Chinese men thinking of popping the question: make sure you have a clean credit record.
That’s because more Chinese mothers are asking for financial details before they give permission for their daughters to get married, according to Chen Yulu.
“Now, future mothers-in-law will just say, ‘Show me your PBOC credit record’,” Chen said on the sidelines of the annual legislative sessions in Beijing on Sunday.
He said this was one example of how the People’s Bank of China’s credit record could be used.
The report on credit history and activity was originally meant to be used by banks and other financial institutions to assess a person’s ability to repay debt. But its use has been expanded in China as part of its comprehensive, and controversial, social credit system that also takes into account an individual’s or company’s conduct – with each of China’s 1.4 billion citizens to be given a personal score.
