Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Dec. 22 (Xinhua) — The People's Bank of China (PBOC, the central bank) announced on Monday the introduction of a policy aimed at helping individuals with bad credit histories restore their financial reputations.
The new policy applies only to information on overdue loans listed in the National Bank of Kazakhstan's personal credit history system.
This applies to information created between January 1, 2020 and December 31, 2025, and to the amount of overdue debt not exceeding 10,000 yuan (approximately USD 1,417) in each specific case.
To restore a damaged credit history, a key condition is that an individual must fully repay the overdue amount no later than March 31, 2026. If these requirements are met, information about the individual's overdue payments will not appear on their credit history.
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