Xinhua News Agency, Beijing, March 31, Title: Improve the social credit system, and the two offices have made important arrangements

Xinhua News Agency reporters Wei Yukun and Wei Hongyi

The social credit system is the basic system of the market economy.

The "Opinions on Improving the Social Credit System" recently issued by the General Office of the CPC Central Committee and the General Office of the State Council was announced to the public on the 31st. As an important top-level design document to promote the construction of the social credit system, the opinions adhere to systematic thinking, seeking truth from facts, and implement comprehensive policies, and further consolidate the development foundation for the construction of the social credit system.

Zeng Guanghui, director of Xiamen Guoxin Credit Big Data Innovation Institute, said that in recent years, my country's social credit system has made important progress: a unified social credit code system has been built; a public credit information catalog has been compiled, and 80.7 billion pieces of various credit data were collected; a national unified financing credit service platform network has been built to help credit entities raise more than 37 trillion yuan; a credit commitment system has been promoted, a public credit evaluation has been carried out, and a new type of credit-based regulatory mechanism has been initially built.

At present, the construction of my country's social credit system is ushering in an unprecedented period of development opportunities. The report of the 20th National Congress of the Communist Party of China proposed to improve the basic systems of market economy such as property rights protection, market access, fair competition, and social credit. The "Decision" of the Third Plenary Session of the 20th Central Committee of the Communist Party of China clearly states that the social credit system and regulatory system should be improved.

"The release of the opinions aims to implement a series of requirements and arrangements of the Party and the state on the construction of the social credit system." Wang Wei, professor of the Department of Political and Law Teaching and Research of the Central Party School (National School of Administration), said that the opinions are clear, and building a social credit system covering all types of subjects, unified system rules, and co-construction, sharing and sharing has pointed out the direction for the construction of the social credit system in the new era.

——Highlight the four "fulls" and accurately grasp the connotation and extension of the social credit system as the basic system of the market economy.

Zeng Guanghui said that focusing on better playing the fundamental role of the credit system in the market economy, the opinions generally highlight four "full": all subjects participate, full process coverage, full field promotion, and all-round co-construction, that is, the subjects participating in credit construction should be more extensive, credit application should be closer to various business links, the field of credit construction should focus more on new business forms and new problems, and the means of credit empowering high-quality economic and social development should be more comprehensive.

"To strengthen the construction of the social credit system, it is necessary to build a governance pattern with extensive participation of various entities." Wang Wei said that the opinions have arranged and deployed the credit construction in terms of government credit, business entities' credit, social organization credit, natural person credit, judicial law enforcement system credit, etc., put government credit construction first, demonstrating the value concept of "government integrity is the first integrity".

In Zeng Guanghui's view, a series of important deployments of the opinions reflect the use of a systematic concept to promote the realization of a unified closed loop of various credit means. The construction of the credit system should pay more attention to the full process management of credit data "procurement, storage, evaluation, use and refund" to ensure that the data is complete, true and effective, and protect the legitimate rights and interests of the subject; pay more attention to the full process application of credit supervision in administrative management, public services and other businesses "before, during and after" to ensure that all links of the business are legal, compliant, efficient and orderly inquiry of credit information and application of credit reports.

"In terms of all-round co-construction, the opinions emphasize that incentives for compliance and punishment for breach of trust complement each other and promote each other, and comprehensively refine administrative, market, industry and social credit reward and punishment measures." Zeng Guanghui said.

——Implement the new development concept and promote high-quality development of the construction of the social credit system.

The market allocation of resources is the most efficient form. In the construction of the social credit system, we must pay attention to giving full play to the power of the market and society, form a benign interaction between the government, the market and society, and promote social governance.

Support the basic database of financial credit information to collect credit information in the financial field in accordance with the law, and provide more convenient and high-quality basic credit reporting services; encourage credit service institutions to collect commercial contract performance information in accordance with the law, and support the orderly promotion of credit sales models such as credit sales, installment payments, and financial leasing; strengthen the disclosure of commercial bills of exchange information, and improve the credit constraint mechanism in the bill market... Opinions adhere to market-driven and improve the level of credit marketization.

"The arrival of the digital age has made the construction of the social credit system highly digital, intelligent, and platform-based." Wang Wei said that his opinion conforms to the requirements of the digital age. He specifically emphasizes the consolidation of the data foundation of the social credit system in the third part, and focuses on strengthening the infrastructure of social credit construction, and includes the entire process of recording, collection and sharing, public disclosure, open circulation of public credit information, and credit information security in the credit management category, promoting social rationality and enhancing social trust.

The bottom layer of credit is rules and contracts. my country's credit system construction is not isolated. The opinions have made systematic plans for my country's credit service institutions and enterprises to "go global" for the first time, providing a policy basis for the market to carry out cross-border credit cooperation in an orderly manner, supporting domestic credit service institutions to carry out independent and fair third-party credit service cooperation with countries jointly building the "Belt and Road" and BRICS countries, and promoting the international development of domestic credit rating institutions.

"In general, the issuance of opinions marks that China's social credit system construction has stood at a new historical starting point, and will surely effectively promote China's social credit system to a new realm of higher and better development." Wang Wei said.