Laws, Policies, & Guidelines

Provisional Measures for Recording Bad Credit in the Fields of Outbound Investment and Cooperation and Foreign Trade

Scope of Application

Measures for developers and contractors operating overseas. 

Purpose

Offers additional measures on the implementation of the “credit record” system.

General Key Points

The Chinese Government should: 

  • Establish a mechanism for collecting and reporting information following the “Overseas Investment and Cooperation Bad Credit Record System.”

 

Chinese Embassies and Consulates should: 

  • Establish a mechanism overseas for the collection and reporting of information.

 

The Chinese Government, Embassies, and Consulates should: 

  • Maintain records of the following situations:
    • The failure of companies’ staff to complete legal immigration procedures, health examinations, vaccinations, work permits, and safety and legal compliance training.
    • Violations of foreign exchange regulations.
    • Accidents arising from noncompliance with manufacturing, technical, and health standards.
    • The failure of companies to take effective security measures against local security risks.
    • Violations of local laws and regulations. 
Key Points on Stakeholder Engagement

The Chinese Government, Embassies, and Consulates should:

  • Maintain records of the following situations:
    • Conflicts with local people arising from disrespect for local practices, customs, religions, and lifestyles.
    • Labor disputes arising from noncompliance with local labor laws.
Key Points on Environmental and Social Impact Assessment

The Chinese Government, Embassies, and Consulates should: 

  • Maintain records of companies that damage the local environment or threaten local public safety. 
Applies to
Global
Date
July 2013
Issuer(s)
Ministry of Commerce (MOFCOM); Ministry of Foreign Affairs (MFA); Ministry of Public Security (MPS); Ministry of Housing and Urban-Rural Development (MOHURD); General Administration of Customs China (GACC); State Administration of Taxation (STA); State Administration for Industry and Commerce (SAIC); General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ); and State Administration of Foreign Exchange (SAFE)
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