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Cross-border credit data flow highlighted in China's social-credit opinions

( April 2, 2025, 07:38 GMT | Official Statement) -- MLex Summary: China aims to advance the cross-border flow of credit information while ensuring safety and adhering to laws, according to new opinions on enhancing the social-credit system from the General Office of the Communist Party's Central Committee and the State Council's General Office. The country will foster cross-border credit cooperation and facilitate mutual recognition of credit products. IN addition, China plans to bolster credit development in the platform economy, promote the open flow of public credit information and enhance credit-information security. The opinions also strictly prohibit the inclusion of non-credit and personal private information in credit evaluations while establishing a natural-person credit system. The statement follows: ...

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