Core Points - The National Development and Reform Commission (NDRC) has drafted the "Credit Repair Management Measures (Draft for Comments)" to establish a unified, standardized, and efficient credit repair system to assist credit entities in restoring their credit status effectively [1][2] - Credit repair refers to the process where credit entities apply to the "Credit China" website to remove or terminate the public disclosure of their bad credit information after correcting their misconduct and fulfilling relevant obligations [1] Summary by Sections Credit Entities and Information Management - Credit entities are defined as legal and non-legal organizations that have their bad credit information publicly disclosed on the "Credit China" website [1] - Bad credit information is categorized based on severity into three classes: "minor, general, and serious," with different public disclosure periods set according to the principle of proportionality [1] Public Disclosure Periods - Minor bad credit information may not be disclosed or can be repaired after fulfilling legal responsibilities, with a maximum public disclosure period of 3 months if necessary [1] - General bad credit information has a minimum public disclosure period of 3 months and a maximum of 1 year [1] - Serious bad credit information has a minimum public disclosure period of 1 year and a maximum of 3 years [1] Credit Repair Process - The credit repair process includes removing entities from the serious bad credit list, terminating the public disclosure of administrative penalties, and repairing other bad credit information [2] - Credit entities must meet specific conditions to apply for credit repair, including reaching the minimum public disclosure period, correcting misconduct, fulfilling obligations, making a public credit commitment, and complying with other legal requirements [2] - For bankrupt restructured enterprises, the management can apply for credit repair during the execution of the restructuring plan or settlement agreement, with relevant authorities required to temporarily shield bad credit information upon receiving the application [2]

Core Points - The National Development and Reform Commission has released a draft for the "Credit Repair Management Measures" to establish a unified and efficient credit repair system [1][3] - Credit subjects have the right to apply for credit repair unless explicitly stated otherwise by laws or regulations [1][2] - The draft categorizes untrustworthy information into three levels: minor, general, and serious, each with different public disclosure periods [2][3] Group 1 - Minor untrustworthy information includes administrative penalties made through simplified procedures, which can be applied for repair after the legal obligations are fulfilled, with a maximum public disclosure period of 3 months [1][2] - General untrustworthy information includes administrative penalties such as license suspension and has a minimum public disclosure period of 3 months and a maximum of 1 year [2] - Serious untrustworthy information includes severe penalties like license revocation, with a minimum public disclosure period of 1 year and a maximum of 3 years [2][3] Group 2 - Industry authorities can develop specific classification standards for untrustworthy information based on the three categories and publish them on the "Credit China" website [2] - Credit subjects can apply for credit repair through the "Credit China" website, with options including removal from the serious untrustworthy list and termination of public disclosure of administrative penalties [2][3] - The draft also addresses credit repair for bankrupt restructured enterprises, allowing them to apply for credit repair during the execution of their restructuring plan [3]

Core Points - The National Development and Reform Commission (NDRC) has drafted the "Credit Repair Management Measures (Draft for Comments)" to establish a unified, standardized, and efficient credit repair system to assist credit entities in restoring their credit status effectively [1][2]. Group 1: Credit Repair System - The credit entities referred to are those that have their dishonest information publicly disclosed on the "Credit China" website [1]. - Credit repair involves credit entities applying to the "Credit China" website to remove or terminate the public disclosure of dishonest information after correcting their dishonest behavior and fulfilling relevant obligations [1]. Group 2: Classification and Management of Dishonest Information - Dishonest information is categorized based on severity into three classes: "minor, general, and serious," with different public disclosure periods set according to the principle of proportionality [1]. - Minor dishonest information may not be disclosed or can be applied for repair once legal responsibilities are fulfilled, with a maximum disclosure period of 3 months; general dishonest information has a minimum disclosure period of 3 months and a maximum of 1 year; serious dishonest information has a minimum disclosure period of 1 year and a maximum of 3 years [1]. Group 3: Credit Repair Application Process - The methods for credit repair include removal from the serious dishonest entity list, termination of public disclosure of administrative penalty information, removal from abnormal lists, and repair of other dishonest information [2]. - Credit entities must meet specific conditions to apply for credit repair, including reaching the minimum disclosure period, correcting dishonest behavior, fulfilling obligations, making a public credit commitment, and meeting other legal requirements [2]. - For bankrupt restructured enterprises, during the execution of the restructuring plan or settlement agreement, they can apply for credit repair with the court-approved documents, and relevant authorities must temporarily shield dishonest information within 10 working days of receiving the application [2].

Core Viewpoint - The National Development and Reform Commission (NDRC) is seeking public opinions on the draft of the Credit Repair Management Measures to establish a unified and efficient credit repair system, aimed at helping credit subjects restore their credit effectively and conveniently [1] Group 1: Credit Repair Management - The draft categorizes dishonest information based on severity into three levels: "minor, general, and serious," with different public disclosure periods set according to the principle of proportionality [1] - The shortest public disclosure period must expire before credit subjects can apply for credit repair, while the longest period will automatically stop once the subjects correct their dishonest behavior and fulfill their obligations [1] Group 2: Application Conditions - Credit subjects can apply for credit repair on the "Credit China" website if they meet all specified conditions, including reaching the shortest public disclosure period and correcting their dishonest behavior [1] - Additional requirements include making a public credit commitment, ensuring the authenticity of submitted materials, and fulfilling any other legal obligations [1]