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Hangzhou Announces to Develop into China’s First “Deposit-Free Credit City”
en.hangzhou.com.cn  2018/06/07 15:16  Urban Express

Hangzhou announced yesterday that it will spend two to three years to develop into China’s first “Deposit-Free Credit City”. This year the city will focus on cancelling deposit in three areas – hospital, travel and tourism.

According to related data, 7,276,000 users have activated Zhima Credit in Hangzhou and the number of deposit-free users have reached 3,686,000, which means over 1/3 Hangzhou residents have got rid of deposit by virtue of credit. The amount of exempt deposit has reached 14.32 billion yuan.


Author:Chef reporter  SHEN Jihui Editor:Dong Lixue
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