Industry News
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China is gradually clarifying the legal status of credit information centers
Financial institutions are encouraged to use digital technology to optimize credit processes and credit evaluation models, increase supply chain financial support, improve products and services, and enhance the availability of financial services under the premise of legal compliance and controlla...Read more -
The new BRICS members seek a fairer world credit economic order
As an international partnership seeking to build a mutually beneficial order, the expansion of the BRICS countries is an influential step toward building a world order with a more equitable distribution of resources. While welcoming BRICS membership, the new members call for a fairer and more bal...Read more -
What are the specific measures to stimulate the economic vitality of private business credit?
Many private enterprises have reported that some places have set unreasonable restrictions and hidden barriers to private enterprises in terms of market access, project bidding and bidding, and private enterprises have been treated unfairly, which not only affects the local business environment a...Read more -
The importance of business credit report in international trade
In the interconnected world of international trade, the importance of a robust business credit report cannot be overstated. Here’s why businesses engaging in global commerce should prioritize and leverage the insights derived from comprehensive credit reporting: Risk Mitigation: Internation...Read more -
How can business credit agencies provide credit scoring service better?
Although the credit rating is not regulated in the credit investigation regulations, it does not prevent some business credit investigation agencies from providing credit scoring services. Because the relationship between credit score and basic credit is too close, if it is hard to separate it wi...Read more -
We will improve market infrastructure such as social credit
Use the risk classification results of business credit report to implement double random supervision and key supervision; Standardize the discretionary power in the field of market supervision, promote the mutual recognition of enterprise credit information, accelerate the construction of big dat...Read more -
How to improve the basic system of market economy such as business credit
Accelerate the development of a large unified national market, build a high-standard credit market system, and create a market-oriented and law-based international credit business environment; Strictly implement the supervision responsibility of credit reporting enterprises, standardize the exerc...Read more -
Market economy is credit economy and rule of law economy
In the face of market competition, in order to better manage credit risk funds and adapt to the credit reporting system of the market economy, it has been re awakened in Chinese Mainland. The earliest prototype was the paper letter of credit in Shenzhen, which has now evolved into the business cr...Read more -
Establish a regulatory mechanism for business credit reporting companies based on credit supervision
We will integrate social credit into the basic system of the market economy, and profoundly point out that we must improve the basic system of the market economy such as social credit and optimize the business environment. Carry forward the integrity culture and improve the long-term mechanism of...Read more -
Promote an efficient business credit management system
Encourage places where conditions permit to establish and improve business entities’ credit records, implement credit commitments, and improve reward and punishment mechanisms in the fields of domestic and foreign trade, foreign investment, foreign investment cooperation, foreign aid implem...Read more -
We will promote the high-quality development of the business credit system
By 2025, credit information, business credit reports products and business credit services will be widely used in the business field, the scale and quality of credit transactions will continue to rise, and the business credit economy will develop and grow. The business credit management level has...Read more -
China’s business credit society is developing a high level of credit economy
To study and improve the credit sales guarantee mechanism, and encourage enterprises to actively use credit tools such as business credit reports, credit insurance, factoring, and guarantees. We will support the development of domestic trade credit insurance and encourage places where conditions ...Read more