个人征信修复新政将落地，符合条件的逾期记录不予展示

Core Viewpoint - The People's Bank of China is set to implement a one-time personal credit relief policy in early 2026, aimed at addressing the credit repair needs of individuals affected by the pandemic, specifically those who have fully repaid loans but have negative credit records due to defaults during the pandemic [1][2]. Group 1: Policy Details - The new policy will not display default information in the credit system for individuals who meet specific criteria, including having default amounts below a certain threshold and having fully repaid their debts [1][2]. - The policy is designed to provide a "reset" opportunity for individuals with "non-malicious" defaults, allowing them to regain eligibility for housing loans, auto loans, and business loans, which is expected to positively impact domestic demand and employment stability [1][2][3]. Group 2: Implementation and Impact - The credit relief policy will be implemented through a technical process where qualifying default information will not be deleted but will be marked as "not displayed" in the credit system [4]. - This initiative is anticipated to improve the financing environment for individuals, encouraging them to clear outstanding debts and thus stimulating economic activity by restoring consumer credit [3][5]. - Financial institutions are expected to benefit from this policy as it may help recover overdue loans and improve asset quality by re-engaging previously defaulting clients [6]. Group 3: Regulatory Context - The credit relief policy reflects a shift towards a more humane financial system, balancing the rigid constraints of the credit system with the financial difficulties faced by individuals in the post-pandemic era [3][6]. - It is emphasized that this policy is not a "credit wash" but a structured and conditional relief mechanism, distinguishing it from misleading practices in the market that claim to offer credit repair services [6].