Table 1 Public sectors and their relevant services at the service center
Public sector | Relevant services |
|---|---|
People’s Bank of China | Inquiry on the personal credit record in the PBC personal credit query system. The service center is the first nonbanking institution which provides this service in China. |
Vehicle Administrative | Vehicle/automobile mortgage business in private lending can be directly registered at the service center with the special line from the Wenzhou Vehicle Administrative. |
Industrial and Commercial Bureau | For private lending with equity mortgages, intellectual property rights mortgages, and device mortgages; these can be directly registered with the Industrial and Commercial Bureau. |
Housing Management Bureau | For private lending with housing mortgages; the Housing Management Bureau can directly register and shorten the registration procedure. |
Highway Department | For private lending with taxi operation rights as mortgages; the service center helps to notarize in the Zhongxin notary office and register in the Highway Department. |
People’s Court | For registered transactions, whenever a dispute occurs, the People’s Court is able to provide express service; when violation of a transaction occurs, the People’s Court is able to implement a court ruling without litigation. |