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].

Core Insights - The "Credit Shanghai Cooperation Organization Blue Book" was released, detailing the credit development of the SCO and its member countries, as well as cross-border credit systems and applications [1][2] - A cross-border credit cooperation exchange meeting was held, focusing on enhancing international cooperation in credit services to help enterprises expand into global markets [1] Group 1: Credit Development - The Blue Book consists of five sections: overall, national, regional, applications and case studies, and outlook, providing comprehensive data and frameworks for cross-border cooperation [1] - The "Credit Shanghai" initiative offers credit guarantees for enterprises engaging in international cooperation with SCO member countries [1] Group 2: Strategic Agreements - Over ten domestic and international organizations, including Qingdao Grande Credit Management Consulting Co., Peking University, and CTOSBasis from Malaysia, signed strategic agreements for cross-border credit cooperation [2] - The "Credit Shanghai" cross-border credit service platform is the first of its kind in China, providing services in Chinese, English, and Russian, including global credit reports and credit financing [2] Group 3: Infrastructure Development - The SCO Demonstration Zone aims to enhance cross-border credit digital infrastructure and promote international credit cooperation to support high-quality economic collaboration among Belt and Road countries [2]