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Credit Risk Early Warning System
The China Construction Bank (CCB) announced Thursday that its newly-developed credit risk early warning system has passed experts' appraisal and will soon be put into trial operation.
A spokesman for the CCB said that this marks new progress in the CCB's comprehensive risk control efforts. The new system is expected to largely improve the bank's capability in risk supervision, analysis and control.
The spokesman said that the new system has been designed on the basis of both overseas successful experiences and the data materials and research results of the CCB in the past few years. The system innovatively adopts a risk searching model featuring "gradual approach" to scan credit packages in different industries, regions and client bases for risks in a panoramic way.
The system will be able to provide more comprehensive and timely technical support for controlling credit risks, he added.
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