Economic Daily Jin Guanping: Optimizing the credit environment to help build a unified large market.

date
02/06/2025
The credit environment is the foundation of governance and the source of development. The construction of government integrity is the key to building a social credit system. The integrity level of various administrative entities plays an important role in setting an example and guiding the development of the entire social credit system, and is crucial for creating a stable, transparent, and predictable development environment. Among the many tasks of building a social credit system, placing "deepening government credit construction" at the forefront demonstrates the value concept of "government integrity is the first integrity". Business entities are not only the subjects of credit but also the objects of credit. It is necessary to strengthen the credit management of business entities, guide them to operate with integrity and keep their promises, provide convenience or benefits for trustworthy entities in public services, support financial institutions in exploring the value of credit information, continuously improve the level of financing convenience for trustworthy entities, and implement credit commitment systems in areas such as administrative approval, certification matters, and credit repair. These policy measures will promote a better role for credit as an "economic ID card", making credit truly tangible, visible, and usable, helping to address issues such as difficulty in financing and high financing costs for private enterprises and small and micro-enterprises, reducing the burden on business entities, and stimulating market vitality.