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Social Credit System: China wants to further internationalize rating agencies

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Published: April 3rd, 2025,
Last updated: April 5th, 2025

Press conference of the Chinese State Council in Beijing on Wednesday on the topic of „Improving the Social Credit System“.
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The Chinese government has issued new guidelines for the Social Credit System. The set of rules still does not represent the image of a universal scoring system for every person and every company, administered by the central government. The focus is on ensuring the creditworthiness of business transactions, with rules on financial and rating agencies.

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Social credit system