Core Points - Shenzhen's Qianhai Management Bureau and Market Supervision Bureau have implemented the "Twelve Measures for High-Level Creation of Credit Economy Pilot Zone" to promote the high-quality development of the credit service industry in Qianhai starting from September 29 [1][2] - The initiative aims to create a credit economy pilot zone, a first in a national-level document, encouraging quality credit service institutions to gather in Qianhai and explore credit value and application scenarios [1] - The measures focus on three main directions: industrial chain, internationalization, and ecological development [1] Group 1: Industrial Chain Development - The "Twelve Measures" allow enterprises to add "credit investigation, credit control consulting, and credit technology" to their business scope, supporting compliant operations of credit service institutions in Qianhai [1] - Support is provided for establishing public credit data research institutions and building a high-level credit service industry cluster in Qianhai [1] - Credit service institutions are encouraged to expand credit application scenarios and enjoy preferential income tax policies [1] Group 2: Internationalization of Credit Services - The measures support Qianhai credit service institutions in enhancing cross-border credit cooperation and assisting enterprises in going global [2] - Credit service institutions that provide comprehensive credit information reports for enterprises' credit risk prevention can receive up to 3 million yuan annually based on service performance [2] - Financial support of 500,000 yuan is available for recognized credit data service platforms providing public data sharing services [2] Group 3: Building a Credit Development Ecosystem - The "Twelve Measures" encourage participation in the research of credit-related standards, with financial support ranging from 200,000 to 1 million yuan based on different tiers [2] - Credit service institutions are supported in enjoying various policies and participating in forums and industry exchange activities in Qianhai [2] - The initiative promotes the development of the Guangdong-Hong Kong-Macao Greater Bay Area credit construction alliance and related industry associations [2]

Core Viewpoint - The "Twelve Measures for High-Level Creation of Credit Economy Pilot Zone" aims to accelerate the establishment of a credit economy pilot zone in Qianhai, focusing on industrial chains, internationalization, and ecological circles to enhance the quality of credit services in the region [1][2]. Group 1: Policy Objectives - The policy is designed to implement national requirements for creating a credit economy pilot zone, enhancing cross-border credit cooperation with Hong Kong and Macau, and promoting the development of the credit service market in the Guangdong-Hong Kong-Macau Greater Bay Area [1][2]. - It emphasizes the importance of government, market, and social collaboration in building integrity and aims to guide society in continuously exploring the value of credit [1]. Group 2: Industry Development - The "Twelve Measures" focuses on guiding compliant development in the credit service industry by allowing businesses to expand their operational scope to include credit investigation, credit control consulting, and credit technology [2]. - It supports innovation in credit application scenarios and provides financial support of 500,000 yuan for exemplary cases recognized at the national level [2]. Group 3: Internationalization Efforts - The policy encourages cross-border initiatives by establishing a data platform between Shenzhen and Hong Kong, offering up to 3 million yuan annually to credit service institutions that effectively manage credit risk and provide comprehensive credit information reports [2]. - Future credit reports and rating products from Hong Kong and Macau institutions may benefit from mutual recognition of standards, data, and products, reducing the "credit proof cost" for enterprises operating across borders [2]. Group 4: Ecological Development - The "Twelve Measures" supports the establishment of an ecological credit development environment by incentivizing credit service institutions to participate in standard-setting and providing up to 1 million yuan for leading international standard development [3]. - It promotes the creation of industry exchange platforms in Qianhai, encouraging events that facilitate information exchange and innovation in the credit sector [3]. Group 5: Industry Insights - Dun & Bradstreet highlights existing barriers in the flow of cross-border credit information in the Greater Bay Area, emphasizing the need for high-quality commercial credit data to enhance marketing precision, risk identification, and credit management [3]. - The new policy aims to address these challenges by establishing a compliant flow mechanism for cross-border credit information, thereby supporting the construction of the credit economy pilot zone in Qianhai [3]. Group 6: Unique Aspects of the Policy - The "Twelve Measures" is noted as the first comprehensive support policy for the credit service industry in China, characterized by a market-driven, enterprise-led, and government-guided approach, distinguishing it from other regions' government-driven models [4]. - The introduction of the concept of "credit control service institutions" is expected to facilitate China's participation in international credit cooperation and address challenges in the international credit field [4].