CHINA-INTERNAL: SOCIAL CREDIT MANAGEMENT
A notice jointly issued by the CCP CC Publicity Department, the Supreme People’s Court, and the China Banking Regulatory Commission (CBRC), instructed authorities across the country to establish online platforms to expose debtors who fail to honor their credit obligations within two years. Municipal- and county-level authorities are encouraged to set up their own online platforms. It said the online platforms will be developed and maintained by local news organizations on the basis of a database provided by local courts. The CBRC will direct financial institutions to incorporate such information into their credit line approval systems.
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