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ARTICLE · 29 OCTOBER 2014

China Customs Set Up Enterprise Credit Management System

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China Customs published Customs Interim Measures on Enterprise Credit Management (Interim Measures) on 8 October 2014.

ChinaInternational Law

Keywords: China, social credit system, certified enterprise, general enterprise, discredited enterprise

China Customs published Customs Interim Measures on Enterprise Credit Management (Interim Measures) on 8 October 2014. It is a part of an effort by the Chinese Government to establish a Social Credit System based on a 2014-2020 plan of the State Council. The new system will replace the existing Customs Compliance Rating Scheme and will come into effect on 1 December 2014.

The Interim Measures require China Customs to establish an enterprise credit management system to collect enterprise information, conduct credit appraisal, supervise enterprises accordingly and disclose the enterprise credit-related information to the public.

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