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China Drafts New Catalogue of Public Credit Information

Mon, 17 Oct 2022
Categories: China Legal Trends

On 9 Spet. 2022, China’s National Development and Reform Commission issued the “National Basic Catalogue of Public Credit Information (2022 Edition) (Draft for Public Comment)” (全国公共信用信息基础目录(2022年版)(征求意见稿), hereinafter referred to as the “Catalogue”) and the “National Basic List of Punishment Measures for Untrustworthiness (2022 Edition) (Draft for Public Comment)” (全国失信惩戒措施基础清单(2022年版)(征求意见稿)), seeking public comments through 9 Oct. 2022.

“Public credit information” refers to the credit information produced or acquired in the course of performing legally-prescribed duties or in the provision of public services by state organs or organizations with the function of pubic affair management authorized by laws and regulations.

Public credit information will be shared on the National Credit Information Sharing Platform, Chinese Corporate Social Credit Information Disclosure Platform and other information-sharing platforms operated by relevant departments, so as to achieve interconnection and data sharing.

China’s State Council has established an inter-ministerial joint meeting on the social credit system construction and authorized it to regularly release the Basic Catalogue of Public Credit Information, thereby determining the scope of public credit information and the extent of its disclosure. Public administrations are not allowed to include the information not listed in the Catalogue on people’s credit records.

The 2021 edition of the Catalogue was published on 16 Dec. 2021, which will cease to have effect after the issuance of the 2022 edition.

The Catalogue includes 11 items of public credit information, including:

(1) registration information;

(2) information on judicial decisions and their enforcement;

(3) information on administrative management;

(4) information on professional titles and professional qualifications;

(5) information on the abnormal business (activities) list (status);

(6) information on the seriously untrustworthy entities list;

(7) information on contract performance;

(8) information on credit pledges and their fulfillment;

(9) information on the results of credit appraisals;

(10) information on honors related to honesty and trustworthiness; and

(11) credit information voluntarily provided by market entities.

 

 

Cover Photo by Jeremy Cai on Unsplash

Contributors: CJO Staff Contributors Team

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