The People's Bank of China has issued a notice implementing a one-off credit repair policy aimed at helping individuals rebuild credit following the COVID-19 period. Under the policy, eligible small-value personal overdue records that are fully repaid by 31 March 2026 will no longer be displayed in the Financial Credit Information Basic Database. The measure covers personal overdue information with a single-item amount not exceeding RMB 10,000 arising between 1 January 2020 and 31 December 2025. If the overdue debt is fully repaid by 30 November 2025, the relevant overdue information will not be displayed from 1 January 2026; if fully repaid between 1 December 2025 and 31 March 2026, it will be removed from display by the end of the following month. The Credit Reference Center will apply the change through centralized technical processing without requiring an individual application, and must complete verification and handling within 30 days where an individual reports that eligible information continues to be displayed. From the notice’s issuance, the provision on credit reporting in the 2020 joint COVID-19 financial support notice is no longer applicable. Separately, between 1 January and 30 June 2026, individuals will be entitled to two additional free credit report queries on top of the standard two free queries per year.
Central Bank of the Republic of China 2025-12-19
People's Bank of China introduces one-off credit repair policy to stop displaying personal overdue items of up to RMB 10,000 once repaid by 31 March 2026
The People's Bank of China has introduced a one-off credit repair policy to aid individuals in rebuilding credit post-COVID-19. Eligible small-value personal overdue records, fully repaid by 31 March 2026, will be removed from the Financial Credit Information Basic Database. The Credit Reference Center will handle the changes centrally, and individuals will receive two additional free credit report queries between 1 January and 30 June 2026.