Wreck Your Credit and No House For You!

Beijing residents who wreck their credit (including social credit) could lose the right to buy a home, as well as be airline and high-speed tickets, among other measures.

iFeng: 北京出台信用奖惩实施意见 严重失信将限制买房

Beijing Municipal Government recently introduced “on the establishment of a sound credit joint rewards and punishments to speed up the implementation of the views of the implementation of good faith” (hereinafter referred to as “opinions”), the performance of the capacity but refused to perform a serious disqualification of the main implementation of restrictions on exit, purchase of real estate, , Take high-level train and seats and other measures. People ‘s governments at all levels and civil servants in the course of their duties, due to illegal, dishonesty by judicial decision, administrative punishment, disciplinary action, accountability and other information will be included in the government lost record.

“Opinions” proposed that the people ‘s governments at all levels and civil servants in the course of their duties, due to illegal, breach of contract by judicial decision, administrative punishment, disciplinary action, accountability and other information into the government lost the record. Increase the government and civil servants at all levels of dishonesty and exposure to the intensity, and constantly improve the integrity of the performance and integrity of the executive level, to the integrity of government to lead the integrity of society.

Motivation for integrity will be strengthened, including administrative, market and social incentives. “Opinions” pointed out that the integrity of the typical and three consecutive years without bad credit records of the administrative counterparts, according to the actual situation of the implementation of “green channel” and “capacity acceptance” and other convenient service measures. Support the relevant departments and units to develop “tax easy to loan”, “letter-loan”, “letter-debt” and other trustworthy products, so that the trustworthy access to more opportunities and benefits.

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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