The People's Bank of China held its 2026 credit reporting work conference, reviewing 2025 performance and setting a 2026 work programme focused on raising credit reporting quality while strengthening risk-based supervision and sector security. The central bank pointed to 2025 progress in reinforcing and better using its foundational credit reporting system, optimising the market structure and pushing to improve credit rating quality. It also cited implementation of a one-off credit repair policy, tighter onboarding and access management for local financial organisations, expanded channels for resolving credit reporting complaints, stronger compliance management for connected institutions, a data security special action targeting credit reporting agencies, and further capability-building for credit rating agencies. For 2026, priorities include upgrading the public credit reporting system through improved rules, stricter access management and deeper data governance; developing the credit reporting market via more diversified product supply, dynamic management of credit reporting institutions and measures to strengthen the credibility of credit ratings; and expanding consumer-facing services by consolidating the one-off credit repair policy, delivering scenario-based public education and accelerating a digital and intelligent credit reporting service system.
Central Bank of the Republic of China 2026-03-20
People's Bank of China sets 2026 credit reporting priorities including stricter access controls and a public credit system upgrade
The People's Bank of China outlined its 2026 strategy to enhance credit reporting quality, focusing on risk-based supervision and sector security. Key priorities include upgrading the public credit reporting system, diversifying product supply, and expanding consumer services through digital advancements. The bank also aims to strengthen credit rating credibility and improve data governance.