The article discusses how the 2008 US sub-prime loan crisis affected the global economy and emphasized the importance of managing credit risk. In China, the business credit reference industry is facing challenges post-crisis. To address these issues, it is crucial to focus on market development, enhancing core competitiveness, and receiving support from policies and legislation. Future research should concentrate on creating information sharing mechanisms, sharing credit data from the financial industry, and developing default-forecasting models to advance the business credit reference industry.