Ladies Gentleman Identify if this is true – Credit Checking system
Friend Miss A: Background is 4 years Financial service industry in the UK
Mainly dealing with Credit Check (Personal Credibility checking)
Set up Borrowing Banding /Limit
Customer Relations etc…..
Miss A recently met with Mr.B (who claim to be an investor in Bejing)
Mr.B said that in China there is no Credit Checking System and there are more than 5 companies in Beijing who want to build up the Huge database project as a new business but none of them have the financial ability to do so. And he is considering which company he should make an investment.
In this case Mr.B have consulted Miss A the following questions
1. how many Credit checking company and what are their annual income / profit
2. which one is the largest market occupier and how their system works
3. and so on and so on…………
Question to you guys
If Mr. B knows nothing about this business and industry then how could he possible think of doing this
Will China allow private companies to have this project ?