By tf-lawyer.com On October 17th, the National Market Supervision Administration announced via its official WeChat account that it has launched a pilot project for opening credit regulation data to platform companies in the Haidian District of Beijing.
This pilot project will last for two years, during which the Haidian District Market Supervision Bureau will select 3 to 5 platform companies to participate. The initiative aims to safely and effectively provide these companies with access to the national list of business entities with operational irregularities and the list of severe violators of market supervision regulations. The goal is to address the issue of asymmetric credit information between platform companies and their merchant partners. By doing so, it hopes to guide platform companies in establishing comprehensive credit profiles for business entities, fulfilling their responsibilities related to credit compliance, and enhancing integrated online and offline supervision. Ultimately, this effort aims to create a positive social environment that incentivizes trust and penalizes dishonesty.
The National Market Supervision Administration will strengthen its organizational leadership to effectively oversee the implementation of this pilot project. The intention is to develop experiences that can be referenced, replicated, and promoted, while guiding platform companies to enhance their analysis and application of credit regulation data. The administration is also focused on improving corporate governance structures, elevating management practices, and fostering high-quality growth in the platform economy.
