Central Bank: One-time credit repair policy includes a three-month grace period.

On December 22nd, Ren Yongmei, the director of the Credit Management Bureau of the People's Bank of China, answered questions from reporters from the Shanghai Securities News at a news conference on the one-time credit repair policy. She stated that in order to make the one-time credit repair policy more smooth and accurately reach every eligible individual, they have made full preparations and careful deployment, and have formulated three "convenient and beneficial" measures. The first is to implement "enjoy without application" in operation; the second is to set a policy grace period; and the third is to increase the number of free credit inquiries to twice.