The Banking Society magazine, overseen by the Shenzhen Office of China’s National Financial Regulatory Administration (NFRA), has published 96 issues to date. As a key platform for publicizing financial regulatory policies and promoting industry research, the Banking Society enjoys a reputation in the financial sector. It is pleasing to see that two research reports on big data risk control from CDB Leasing were selected for publication in the third issue of 2024 (Issue No. 97), which demonstrated the recognition from regulatory authorities and industrial peers for CDB Leasing’s efforts on big data risk control.
One of the reports is titled “Digital Finance: Reflections and Actions in Big Data Risk Control by CDBL’s Technology Leasing Division”. This report explores the application of big data risk control in digital finance from various perspectives, detailing the specific practices made by the division and offering valuable insights for the industry.
The second report, “Practice and Perspectives: CDB Leasing’s Application of Personal Credit Data from the PBC in Finance Leasing Risk Control” briefly introduces the credit reference system of the People’s Bank of China (PBC) and shares how CDB Leasing leveraged PBC’s personal credit data in consumer finance leasing, analyzing its significance in managing risks. The report concludes by forecasting the future direction of credit data development in China and providing suggestions for financial institutions.
CDB Leasing established its Technology Leasing Division on January 6, 2021, aiming to extensively include fintech into its business operations, instead of using it merely as a managerial instrument. As the core of this division, the team of big data risk control has developed risk control systems for various products, including secured passenger vehicles, unsecured passenger vehicles, agricultural machinery, and travel financing. It has successfully developed and launched 10 scenarios, 17 models, and 812 strategies, serving over 600,000 orders. To date, CDB Leasing’s risk control strategies have transformed from focusing on access policies to a holistic, multidimensional system, covering access risk control, customer segmentation, instant approval strategies, channel-specific risk control, differentiated pricing, and leasing monitoring.
To develop research capabilities as called for across all the branches and divisions of China Development Bank, CDB Leasing’s team of big data risk control has engaged in a series of research initiatives. Key outcomes include the following publications:
Digital Finance: Reflections and Actions in Big Data Risk Control by CDBL’s Technology Leasing Division Technology Leasing Division”, published in Banking Society, Issue 97, 2024.
Authors: Zou Yuhao, Hong Yipeng, Liu Lifu, and Cheng Feng
“Practice and Perspectives: CDB Leasing’s Application of Personal Credit Data from the PBC in Finance Leasing Risk Control”, published in Banking Society, Issue 97, 2024.
Author: Zou Yuhao
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“Research on CDB Leasing’s Retail Financial Inclusive Practices”, published in Banking Society , Issue 94, pages 30–31, 2023.
Authors: Zou Yuhao and Xiong Fengyang
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“The Role of Big Data Risk Control in Innovations of Retail Business Risk Management”, published in Banking Society, Issue 94, pages 64–65, 2023.
Authors: Zou Yuhao and Cheng Feng
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Moving forward, CDB Leasing will continue to strengthen its digital risk control capabilities and apply the research outcomes to business practices, providing higher-quality services to its customers. As a pioneer in the digital transformation of CDB Leasing, the Technology Leasing Division and its big data risk control team will play a crucial role as a bridge connecting business and risk control and keep making its due contributions.
