每经热评丨一次性信用修复政策宽严相济 为诚实者正名也为社会增信心

Core Viewpoint - The People's Bank of China has introduced a one-time credit repair policy aimed at individuals with damaged credit who have actively fulfilled their repayment obligations, providing a pathway for credit restoration while maintaining the integrity of the credit system [1][2]. Group 1: Policy Intent and Design - The policy is designed to offer a "reset" opportunity for individuals who have experienced "non-malicious" defaults due to uncontrollable circumstances, such as the COVID-19 pandemic, allowing them to recover from temporary credit issues without long-term repercussions [1][3]. - The operational aspect of the policy is user-friendly, allowing eligible individuals to benefit without needing to differentiate between loan institutions or types, and it employs an "automatic recognition" mechanism to simplify the process [1][2]. Group 2: Policy Restrictions and Accountability - The policy strictly defines the timeframe for eligibility as between January 1, 2020, and December 31, 2025, focusing on defaults caused by the pandemic and its aftermath [2]. - A cap of 10,000 yuan on overdue amounts is established to cover common small-scale defaults while preventing large-scale malicious defaults from exploiting the policy [2]. - Individuals must fully repay their overdue debts by March 31, 2026, linking credit repair to accountability and the seriousness of loan agreements [2]. Group 3: Societal and Economic Implications - The policy transcends individual relief, reinforcing the value of the credit system as a mechanism for protecting integrity and accommodating occasional difficulties, thereby encouraging more individuals to uphold credit standards [3][4]. - By enabling eligible individuals to regain access to financial services, the policy acts as an efficient "market clearing" mechanism, stimulating consumption and investment potential, which in turn supports economic growth [3][4]. Group 4: Overall Impact on Credit System - The one-time credit repair policy achieves a balance of "measured relief and strong constraints," allowing distressed individuals to regain confidence while preserving the authority and fairness of the credit system [4]. - As the policy is implemented effectively, it is expected to invigorate market participants, translating into increased investment and consumption, thereby enhancing the credit system's role in economic and social development [4].