People’s Bank of China Releases One-Time Credit Repair Policy To Support Personal Credit Restructuring

On December 19, 2025, the People’s Bank of China issued the Notice on Relevant Arrangements For Implementing the One-Time Credit Repair Policy (the “Notice”), clarifying that individuals who repay overdue debts of no more than RMB 10,000 yuan per single item occurring between January 1, 2020 and December 31, 2025 may have their credit repaired prior to March 31, 2026, with no need for personal application. The Notice took effect immediately.

According to the Notice, if an individual makes full repayment before November 30, 2025, overdue information will no longer be displayed from January 1, 2026; if repayment occurs between December 1, 2025 and March 31, 2026, overdue information will not be displayed by the end of the following month. The Credit Reference Center is responsible for unified technical processing; individuals who find uncorrected information may file an appeal, which will be verified and processed within 30 days. Participating institutions must standardize reporting of credit information, enhance risk control capabilities, and protect individuals’ credit rights. In the first half of 2026, individuals may additionally inquire about their credit report twice free of charge.