Credit reporting service fees reduced starting today, expected to save users 1.1 billion yuan annually.

According to the "Notice of the National Development and Reform Commission on Further Reducing the Service Charges of Credit Reporting Services", the People's Bank of China Credit Reporting Center will fully implement the new credit reporting service charges from July 1, 2025. This reduction in credit reporting service charges is expected to save users approximately 1.1 billion yuan in costs each year.