Hong Kong Ups Credit Reporting Practices

The use of positive information for credit reporting and scoring for existing bank customers has begun in Hong Kong, according to Chicago-based credit reporting company TransUnion.The use of the information follows a two year collection period that started in June 2003, TransUnion said. "The positive work that is being done and the relationships we are building [are] a testament to our commitment to China," said Ralph Sorice, president of TransUnion - International. "We plan to continue on this successful path working and consulting with the Peoples Bank of China, government officials and other financial institutions." TransUnion can be found on the Web at http://www.transunion.com.