Core Viewpoint - The new personal credit repair policy implemented on January 1, 2026, allows individuals with overdue records of up to 10,000 RMB to have their credit reports automatically cleared if they repay their debts by March 31, 2026, significantly reducing operational costs for citizens [14][15]. Group 1: Policy Implementation - The People's Bank of China issued a notice on December 22, 2025, detailing the credit repair policy aimed at individuals with overdue records from January 1, 2020, to December 31, 2025, for amounts not exceeding 10,000 RMB [14]. - The policy operates on an "automatic recognition" mechanism, meaning individuals do not need to apply or submit documentation, which simplifies the process for citizens [14]. Group 2: Impact on Individuals - Many individuals have reported that their overdue records have been cleared, allowing them a fresh start in their credit history, which is crucial for future loan applications [12][14]. - The policy targets those who have faced temporary financial difficulties, enabling them to restore their creditworthiness without the burden of past overdue records [14]. Group 3: Implications for Financial Institutions - The policy is expected to improve the asset quality of banks by encouraging overdue customers to repay their debts, potentially leading to a slight increase in retail loan issuance [15]. - Historical overdue records, which previously hindered loan approvals, will no longer be displayed for those who repay their debts, thus enhancing their chances of securing future loans [15]. - The repair of credit records is not expected to diminish banks' risk assessment capabilities, as they utilize a comprehensive data system for evaluating personal credit [15].

Core Viewpoint - The People's Bank of China has implemented a "one-time credit repair policy" aimed at supporting individuals with damaged credit who are actively repaying their debts, facilitating economic recovery [1][6] Group 1: Policy Details - The policy applies to personal overdue credit information from January 1, 2020, to December 31, 2025, with a single overdue amount not exceeding 10,000 yuan [4] - Individuals must fully repay their overdue debts by March 31, 2026, to benefit from the policy [4][5] - The policy operates on an "automatic recognition and processing" basis, meaning individuals do not need to apply or submit documentation [3][8] Group 2: Impact on Individuals - The policy aims to change overdue statuses in credit reports to normal upon repayment, thus restoring individuals' creditworthiness [3][6] - It encourages individuals to repay debts, potentially improving their access to financial services and enhancing their quality of life [6][7] - The initiative is designed to assist those who are not malicious defaulters, such as those affected by temporary unemployment or significant health issues [8] Group 3: Implications for Financial Institutions - The policy may help banks recover overdue loans and improve asset quality by encouraging borrowers to settle their debts [7] - Financial institutions are likely to benefit from a renewed customer base as previously defaulting individuals regain their credit status [7] - The policy reinforces the importance of maintaining good credit, as individuals with past credit issues may become more loyal to financial institutions after experiencing the consequences of poor credit [6][7]

Group 1 - The new version of the National Basic Medical Insurance, Maternity Insurance, and Work Injury Insurance Drug Directory has been implemented, adding 114 new drugs to the reimbursement list, including 50 first-class innovative drugs, while removing 29 drugs that are either not clinically available or can be replaced by better alternatives [2] - The total number of drugs in the directory has increased to 3,253, with 1,857 Western medicines and 1,396 traditional Chinese medicines, significantly enhancing coverage for key areas such as cancer, chronic diseases, mental illnesses, rare diseases, and pediatric medications [2] Group 2 - Starting today, all medical institutions are required to fully collect and upload drug traceability codes, which serve as "electronic IDs" for drugs, ensuring traceability throughout the production, circulation, usage, and insurance settlement processes [3] - The National Medical Insurance Information Platform has collected 110.369 billion traceability codes, aiding in the resolution of multiple national counterfeit drug cases and addressing 39,100 illegal institutions, with 188 cases referred to judicial authorities [3][5] Group 3 - A new policy requires kindergartens to implement a directory management system for fees, establishing two separate lists for service fees and kindergarten-specific charges, with strict public disclosure requirements [6] Group 4 - The People's Bank of China will automatically adjust credit information based on repayment conditions, with specific criteria set for overdue debts occurring between January 1, 2020, and December 31, 2025, allowing for the removal of certain overdue information from personal credit reports if conditions are met [8] - The new VAT law and its implementation regulations have come into effect, with 14 out of 18 existing tax types now having legal frameworks, covering a significant portion of tax revenue [8]

Group 1: Social Security and Education - The revised Public Security Administration Punishment Law will implement penalties for behaviors affecting social security, including exam cheating and unauthorized drone flights [1] - The new notification on kindergarten fee policies mandates public disclosure of fees for public and non-profit private kindergartens, with a clear list of service charges [2] Group 2: Electric Vehicles - The first mandatory standard for electric vehicle energy consumption will require necessary technical upgrades for new products, aiming to improve the driving experience and increase the average range by approximately 7% [3] Group 3: Taxation - The new Value-Added Tax Law will come into effect, marking significant progress in establishing legal frameworks for taxation in China, covering 14 out of 18 existing tax types [4] Group 4: Language and Internet Regulation - The revised National Common Language and Writing Law will enhance education and innovation in language technology, with new regulations for online language use [5] - The updated Cybersecurity Law will address artificial intelligence risks, promoting research and infrastructure development while enhancing safety regulations [9] Group 5: Personal Credit and Employment - A one-time credit repair policy will allow for automatic adjustments to credit reports for overdue payments made between January 1, 2020, and December 31, 2025, under specific conditions [6] - The National Park Law encourages local employment for ecological management positions and promotes public participation in conservation efforts [8]

Group 1: Law and Regulation Changes - The revised Public Security Administration Punishment Law will regulate issues such as animal attacks and noise disturbances, with penalties including up to ten days of detention and fines of up to 1,000 yuan for severe noise disturbances [2] - The new Value-Added Tax (VAT) Law will come into effect, impacting millions of businesses and individuals, with VAT revenue projected to be approximately 6.57 trillion yuan in 2024, accounting for 38% of total tax revenue [3] - The revised National Common Language and Writing Law will promote the use of standard Chinese language and characters across various sectors, including public services and advertising [4] Group 2: Environmental and Technological Regulations - The National Park Law will prioritize hiring local residents for ecological protection roles and encourage public participation in conservation efforts [5] - The revised Cybersecurity Law will enhance monitoring and regulation of artificial intelligence risks, supporting the development of key technologies and ethical standards [6][7] - The new electric vehicle energy consumption standards will enforce stricter limits, improving energy efficiency and supporting the transition to low-energy vehicles [11] Group 3: Housing and Financial Regulations - The new policy on personal housing sales will impose a 3% VAT on properties sold within two years of purchase, while properties sold after two years will be exempt from VAT [12] - The People's Bank of China will implement a new digital currency framework, allowing interest to be paid on digital yuan wallet balances, marking a shift towards digital deposit currency [13][14] - The new financial regulations will eliminate the requirement for individuals to register cash withdrawals over 50,000 yuan, streamlining the process based on risk assessment [16]

所谓"免费帮忙看征信"的人士，实则多为贷款中介或从事贷款 业务的人员。他们往往先以免费咨询的名义拉近与征信修复需 求群体的距离，随后伺机推销各类贷款产品。 作者：老盈盈 封图：图虫创意 近期，社交媒体上涌现出不少声称"免费帮忙看征信"的人士，他们频繁接收有征信修复需求的群 体发来的征信报告截图，并提供相关解答。 此类咨询需求激增的背后，是中国人民银行（下称"央行"）近日发布的《关于实施一次性信用修 复政策有关安排的通知》（下称《通知》）。不少信用受损群体迫切希望通过征信修复，重新获得 贷款资质。 《通知》明确，为积极应对新冠疫情后续影响，支持信用受损但已积极履约还款的个人高效便捷重 塑信用，助力经济持续回升向好，央行决定实施一次性信用修复政策。 记者调查发现，上述所谓"免费帮忙看征信"的人士，实则多为贷款中介或从事贷款业务的人员。 他们往往先以免费咨询的名义拉近与征信修复需求群体的距离，随后伺机推销各类贷款产品。 上述"免费帮忙看征信"的人士看后告诉她，她的6笔逾期均在"1万元以内"，且在2020至2025年 期间发生，并已在2026年3月底前把欠款还清，符合条件。上述人士亦提醒小林，2026年1月1日 至2 ...

Core Viewpoint - The article highlights the emergence of individuals offering "free credit report reviews" as a response to the People's Bank of China's new one-time credit repair policy, warning that many of these individuals are actually loan intermediaries looking to sell loan products [1][6]. Group 1: Credit Repair Policy - The People's Bank of China has implemented a one-time credit repair policy to support individuals with damaged credit who have actively repaid their debts, aiming to facilitate economic recovery post-COVID-19 [1][4]. - The policy allows for the removal of negative credit information for individuals who have settled overdue debts of less than 10,000 RMB before March 31, 2026, with specific timelines for when the information will be removed based on repayment dates [4][8]. Group 2: Risks of Loan Intermediaries - Many individuals offering "free credit report reviews" are actually loan intermediaries who use this service to build relationships with potential borrowers and subsequently promote various loan products [1][6]. - The People's Bank of China has warned the public to be cautious of illegal intermediaries that may exploit the situation, potentially leading to scams involving high-interest loans or debt restructuring schemes [7]. Group 3: Consumer Behavior and Expectations - Consumers seeking credit repair are divided into two groups: those who have cleared their overdue debts and want to confirm their eligibility for credit repair, and those who still have outstanding debts and wish to understand their options for repair [6]. - The article illustrates a case of a consumer who, after clearing her debts, sought help from a self-proclaimed credit advisor, highlighting the emotional impact of credit repair policies on individuals [3][8]. Group 4: Banking Sector Response - Major banks have begun to adjust their risk assessment strategies in response to the credit repair policy, potentially shifting focus from historical credit records to current repayment capabilities [9]. - The credit repair policy may lead to a reduction in available historical data for banks, prompting them to enhance their scrutiny of other financial indicators such as social security contributions and stable bank transactions [9].

Group 1 - The new Value-Added Tax (VAT) Law and its implementation regulations will take effect on January 1, 2026, clarifying taxpayer obligations and tax scope [4] - The VAT Law specifies applicable tax rates, including zero tax rates for exports [5] - It establishes methods for calculating taxable amounts and details on VAT deduction certificates and input tax deduction methods [6] - The law enhances tax incentives by defining specific standards for VAT exemption projects and mandates timely public disclosure of these policies [6] - Comprehensive regulations on tax administration measures, including tax payment timelines, invoice issuance, and refund management, will be implemented [7] Group 2 - From January 1, 2026, individuals selling homes purchased for less than two years will be subject to a 3% VAT, while those selling homes held for two years or more will be exempt from VAT [10] - A one-time credit repair policy will be enacted, allowing automatic adjustments to credit reports for overdue records generated between January 1, 2020, and December 31, 2025, under certain conditions [13][14][15] Group 3 - The new regulations on kindergarten fees will take effect on January 1, 2026, establishing government-guided pricing for public and non-profit kindergartens, while for-profit kindergartens will have market-regulated fees [18] Group 4 - The new national standard for electric vehicle energy consumption will be implemented on January 1, 2026, requiring technical upgrades for new vehicles, resulting in an average increase of approximately 7% in driving range [27] Group 5 - The revised Cybersecurity Law will take effect on January 1, 2026, addressing the governance of artificial intelligence and enhancing risk monitoring and safety regulation [33] Group 6 - The revised Civil Case Cause Regulations will come into effect on January 1, 2026, adding causes related to data and virtual property disputes, and refining various other legal categories [36]

Group 1 - The revised Public Security Administration Punishment Law will implement new regulations on behaviors affecting social security, including exam cheating and unauthorized drone flights, starting January 1, 2026 [2] - The new policy on kindergarten fees mandates public and non-profit kindergartens to follow government-guided pricing, while for-profit kindergartens will have market-regulated fees, effective January 1, 2026 [3] - The first mandatory standard for electric vehicle energy consumption will require necessary technical upgrades for new products, with a limit of 15.1 kWh per 100 km for vehicles weighing around 2 tons, improving average range by approximately 7% [4] Group 2 - The new VAT Law will come into effect on January 1, 2026, marking significant progress in establishing legal frameworks for taxation in China, covering 14 out of 18 tax types [5] - The revised National Common Language Law will enhance education and innovation in language use, with new regulations for online language and terminology starting January 1, 2026 [6] - The one-time credit repair policy will allow automatic adjustments to credit reports for overdue records under specific conditions, effective January 1, 2026 [8] Group 3 - The National Park Law will prioritize hiring local residents for ecological management positions, encouraging public participation in conservation efforts starting January 1, 2026 [9] - The revised Cybersecurity Law will address AI risk monitoring and safety regulations, supporting foundational research and ethical standards in AI development, effective January 1, 2026 [9] - The updated Civil Case Cause Regulations will include new categories for data and virtual property disputes, expanding the total number of causes to 1,055, effective January 1, 2026 [10]

Group 1: Social Security and Education - New regulations on social security, education, and public safety will take effect on January 1, 2026, addressing issues such as exam cheating and drone misuse [1] - The revised law on kindergarten fees mandates public and non-profit kindergartens to follow government-guided pricing, while for-profit kindergartens will have market-regulated fees [2] Group 2: Electric Vehicles - A mandatory standard for electric vehicle energy consumption will be implemented, requiring necessary technical upgrades for new products, with a target of not exceeding 15.1 kWh per 100 km for vehicles weighing around 2 tons, leading to an average range increase of approximately 7% [3] Group 3: Taxation - The new VAT law will come into effect, marking a significant step in establishing legal frameworks for taxation in China, with 14 out of 18 tax types now having legal statutes [4] Group 4: Language and Technology - The revised national language law will enhance the education and development of the national language, including regulations for online language use [5] - The new cybersecurity law will address artificial intelligence risks, promoting research and infrastructure development while enhancing risk monitoring and safety regulations [9] Group 5: Personal Credit - A one-time credit repair policy will be introduced, allowing for the automatic adjustment of overdue records based on specific repayment conditions, effective from January 1, 2026 [6] Group 6: Environmental Protection - The National Park Law will prioritize hiring local residents for ecological management positions and encourage public participation in environmental protection [7] Group 7: Civil Law - The revised civil case regulations will include disputes related to data and virtual property, expanding the total number of case types to 1,055 [10]