People with bad credit will soon find their names on a
nationwide law enforcement blacklist, according to Huang Songyou,
vice president of the Supreme People's Court (SPC).
Huang said that the SPC will establish a law enforcement
database linked to the country's nationwide credit database,
including information on amount of debt and period of delinquency.
Government agencies in charge of business registration, real
estate, project bidding, vehicle administration and entry and exit
administration will have access to it.
Those with poor credit will encounter difficulties registering
new companies, purchasing cars and real estate, contracting
projects, trading and leaving the country.
The personal credit system, linking banks across the country, is
scheduled to be fully operational in 2005. A similar system for
corporate credit went on line in 2002.
"Establishing the database is one of the SPC's major innovative
moves", Huang said. "Every single step from the filing to the
conclusion of the more than 2 million cases handled by courts of
various levels nationwide each year will be incorporated."
The general public will also have access to information via the
SPC-sponsored website, www.chinacourt.org, one of
China's biggest websites on law.
"The only way out for these offenders is to perform their duty
as soon as possible, in a bid to restore their credit," Huang
said.
The SPC has developed a detailed plan for the database and the
software is being designed. No projected date for implementation
was provided.
(Xinhua News Agency December 20, 2004)