AGRICULTURAL BANK OF CHINA(SH:601288) Xin Lang Cai Jing·2025-12-25 00:38Core Viewpoint - The People's Bank of China has announced a one-time credit repair policy effective from January 1, which will not display certain overdue information in personal credit reports for eligible individuals [1][7]. Group 1: Policy Implementation - Major state-owned banks quickly responded to the announcement by providing answers to frequently asked questions regarding the policy [2][4]. - Agricultural Bank of China stated that overdue information meeting the criteria will be automatically identified and processed without requiring public applications [2][7]. - The policy is completely free, and individuals do not need to apply or engage third parties for assistance [1][10]. Group 2: Eligibility Criteria - The policy applies to overdue information in the financial credit information database from January 1, 2020, to December 31, 2025, with a single overdue amount not exceeding 10,000 yuan [7]. - Individuals must fully repay their overdue debts by March 31, 2026, for the information to be excluded from their credit report [7]. Group 3: Bank Responses and Services - Banks have enhanced their online and offline services to facilitate customer inquiries about their credit reports [2][4][5]. - Various banks, including China Construction Bank and Bank of Communications, have provided multiple channels for customers to check their credit reports, including mobile apps and self-service machines [4][5]. Group 4: Impact on Financial Institutions - The policy is expected to encourage overdue borrowers to repay their debts, aiding banks in recovering non-performing assets and improving asset quality [8]. - The one-time nature of the policy is designed to prevent moral hazard while potentially increasing demand for personal loans [8].