The other day, 360 Finance, a new financial sci-tech platform, issued “China’s Top 50 Cities with Good Credit”. Shanghai, Suzhou, Jiaxing, Wuxi and Beijing are top five ones. All prefecture-level cities of Zhejiang are included and Jiaxing ranks the first in Zhejiang and the third in the whole country.

Checked by the Argus Intelligent Risks Control and Anti-Fraud System and based on the big data analysis of users’ credit through AI Assessment Model, “China’s Top 50 Cities with Good Credit” was released according to the weighted average in credit and the average values of all provinces (autonomous regions, and municipalities directly under the central government) . 

Meanwhile the 360 Finance calculated the weighted average in credit of 23 provinces, five autonomous regions, four municipalities directly under the central government and two special administrative regions, and a conclusion was drawn that Shanghai, Beijing, Zhejiang, Tianjin and Jiangsu take the lead in the whole country. Generally, the credit of south cities are better than that of north ones, and that of costal cities turn out better as a whole like Shanghai and Tianjin and the cities of Zhejiang, Jiangsu, Shandong and Fujian. 

According to official documents, the engine of the Argus Intelligent Risks Control System is made up of Data, Tactics and about 200 anti-fraud models. Currently, all data can be renewed within just three seconds in the support of the network analysis, and can find deeper relations according to superficial data and identify some hidden fraudulent groups. 

Although “China’s Top 50 Cities with Good Credit” is not official, it has positive roles in the urban credit system construction. In accordance with the manager of the 360 Finance, this list will serve as a window for governments, enterprises and the public to get to know the credit of a city.

In recent years, Jiaxing has focused on the social credit system construction, and created a favorable environment of honesty and credit and regarded good credit as an important content to build a best business environment, and now its credit environment is gradually improving. According to the reporter, local enterprises and individuals have a stronger credit sense, and local non-performing loan ratio is the lowest in Zhejiang and also much lower in the whole country. Its enterprises with excellent credit account for 96% of all.