Recently, the China Payment Clearing Association issued the “Code for the Filing of Outsourced Invoicing Service Agencies” and the “Management Code for the Evaluation of Outsourced Invoicing Services”. The two new regulations aim to rectify the long-standing chaos of illegal subcontracting and information leaks in the bill collection outsourcing market. In recent years, with the gradual implementation of management mechanisms such as industry filing, evaluation, and blacklisting, the bill collection outsourcing service market has also experienced an unprecedented compliance storm.

Recently, the China Payment Clearing Association issued the “Code for the Filing of Outsourced Invoicing Service Agencies” and the “Management Code for the Evaluation of Outsourced Invoicing Services”. The two new regulations aim to rectify the long-standing chaos of illegal subcontracting and information leaks in the bill collection outsourcing market. In recent years, with the gradual implementation of management mechanisms such as industry filing, evaluation, and blacklisting, the bill collection outsourcing service market has also experienced an unprecedented compliance storm.