Core Viewpoint - The National Development and Reform Commission (NDRC) of China has issued a notice to further reduce credit service fees, effective from July 1, 2025, aiming to lower business operating costs and enhance the business environment [1][3]. Group 1: Fee Reductions - The standard service fee for banks querying corporate credit reports will decrease from 20 yuan to 9 yuan per report [3]. - The standard service fee for querying personal credit reports will drop from 2 yuan to 1 yuan per report [3]. - Rural commercial banks and ten other types of financial institutions will continue to enjoy preferential fee standards, with corporate credit report fees set at 4.5 yuan and personal credit report fees at 0.5 yuan [3]. Group 2: Querying Policies - For the specified institutions, if the same user queries the same corporate credit report multiple times within 30 days, they will only be charged for one report [3]. - If the same user queries the same personal credit report multiple times within one day, they will only be charged for one report [3]. Group 3: Additional Services - Individuals can query their own credit reports online for free, and the first two queries at a physical counter are also free; subsequent queries will cost 5 yuan each [3]. - The fee for accounts receivable pledge registration will be reduced from 30 yuan to 15 yuan per year, while changes and dispute registrations will drop from 10 yuan to 5 yuan per instance [3]. - The overall reduction in credit service fees is expected to save users approximately 1.1 billion yuan annually [3].

Core Viewpoint - The article discusses the significant reduction in credit service fees as mandated by the National Development and Reform Commission, aimed at lowering business operating costs and optimizing the business environment, effective from July 1, 2025 [1][2][3]. Summary by Sections Fee Reductions - The standard service fee for commercial banks querying corporate credit reports will decrease from 20 yuan to 9 yuan, while personal credit report fees will drop from 2 yuan to 1 yuan [1][2]. - The fee for accounts receivable pledge registration will be reduced from 30 yuan to 15 yuan per year, and the fees for change registration and dispute registration will be lowered from 10 yuan to 5 yuan per instance [1][3]. - Rural commercial banks and ten other types of financial institutions will continue to enjoy preferential fee standards for querying credit reports [1][2]. Cost Savings - The fee reductions are expected to save users approximately 1.1 billion yuan annually [1]. Personal Queries - Individuals can query their credit reports online for free, and the first two queries at a physical counter are also free; subsequent queries will cost 5 yuan each [1][3]. Compliance and Reporting - The credit center is required to strictly adhere to the new fee standards and must report its financial status and fee implementation to the National Development and Reform Commission annually [3].