The People's Bank of China convened its 2025 credit reporting work conference, reviewing 2024 delivery and setting priorities for 2025 focused on upgrading the credit reporting system, expanding the central bank’s foundational credit reporting services, and tightening credit reporting supervision. Work highlighted for 2024 included the launch of a national small and micro enterprise cash-flow credit information sharing platform, enhancement of the central bank’s basic credit reporting service capabilities, and efforts to promote market-oriented transformation and upgrades of local credit reporting platforms. The update also pointed to continued strengthening of the credit reporting institutional framework, improved supervisory effectiveness, and deeper work on protecting credit reporting rights and interests. For 2025, the agenda includes improving the quality and effectiveness of the central bank’s basic credit reporting services, strengthening the financial credit information basic database, increasing credit reporting support for priority areas under the financial “five major articles” such as technology innovation, inclusive finance for micro and small enterprises, and green development, and expanding specialised credit reporting supply. The plans also include enhancing rating quality and service effectiveness in the rating industry and building a tighter, more effective credit reporting supervisory framework.

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