Private Economy and China’s Credit System for Enterprises

Image: Gerd Altmann, Business People (Publicdomainpictures.net)

中国正在就一项旨在促进该国民营企业发展的法律草案征求公众意见。该法律草案要求,当民营企业不再存在损害其信用的经营异常行为时,中国政府部门必须及时更新该企业在官方“信用信息平台”上公示的记录。对于中国民营企业来说,在信用信息平台上保持良好的记录至关重要,因为企业的商业伙伴和客户越来越依赖这些平台来评估企业的状况。然而,这些平台都有局限性,而如果不加以妥善处理,这些局限性可能会损害中国民营企业的发展,继而损害中国的民营经济。Read more

Private Economy and China’s Credit System for Enterprises

Image: Gerd Altmann, Business People (Publicdomainpictures.net)

China is seeking public comments on a draft law aimed at promoting the development of the country’s private enterprises. The draft law requires Chinese authorities to timely update a private enterprise’s records publicized on official “credit information platforms” after the enterprise no longer has irregularities undermining its credibility. Having clean records on these platforms is important as private enterprises’ business partners and clients are increasingly relying on these platforms to assess where these enterprises stand. However, these platforms have limitations, which, if not addressed properly, could compromise the development of Chinese private enterprises and, thereby, the country’s private economy.Read more