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Beijing to finish credit system by 2020

(chinadaily.com.cn) Updated : 2018-11-20

Beijing to finish credit system by 2020

Beijing will complete the legislative work on regulations of the social credit system by 2020, said a senior official of the capital at a press conference on Monday.

Tan Xuxiang, head of the Beijing Municipal Commission of Development and Reform, said by then, Beijing will establish a public credit information service platform covering all the permanent resident population in the city.

"It's one of the measures to create a fair market for businesses in the city," he said.

During the press conference, the authority also released a series of measures to improve Beijing's business environment including raising the level of international employment agencies and strengthening the market supervisions.