Serious Violation and Credit Default List Management Measures to Come into Effect Starting Today.

The newly revised "Measures for the Administration of Market Supervision and Management Serious Illegal and Dishonest Credit List" will be implemented starting today. This revision optimizes the inclusion procedures, improves the inclusion conditions, safeguards people's livelihood and safety, and regulates market order. The State Administration for Market Regulation stated that the list of serious illegal and dishonest conduct is a regulatory tool with high credit constraints. In recent years, the management of the list of serious illegal and dishonest conducts has played an important role in regulating market order and purifying the market environment. The State Administration for Market Regulation introduced that with the deepening of economic and social development and regulatory practices, the original regulations have exposed problems such as incomplete inclusion conditions and poor connection between administrative penalties and the inclusion procedures for serious illegal and dishonest credit lists. The revised "Measures for the Administration of Market Supervision and Management Serious Illegal and Dishonest Credit List" optimizes the procedures for inclusion on the serious illegal and dishonest credit list, and improves the inclusion conditions.