The reporter learned today that the General Administration of Market Regulation recently issued the “Administrative Measures on Unifying Social Credit Codes by Organizations”. The unified social credit code is the only “digital ID card” for each organization in the country that remains unchanged for life. The core of the “Measures” is to unify social credit codes, implement full life cycle standards, and achieve accurate identification and dynamic tracking of organizations from “establishment” to “survival”. The management measures will tighten the “data network” of the social credit system. A unified social credit code can link credit information from various regions and departments. Using the code as an index, it is possible to record economic activity in a panoramic manner, cross-audit credit conditions, and truly achieve “loss of trust in one place and restricted everywhere”.

The reporter learned today that the General Administration of Market Regulation recently issued the “Administrative Measures on Unifying Social Credit Codes by Organizations”. The unified social credit code is the only “digital ID card” for each organization in the country that remains unchanged for life. The core of the “Measures” is to unify social credit codes, implement full life cycle standards, and achieve accurate identification and dynamic tracking of organizations from “establishment” to “survival”. The management measures will tighten the “data network” of the social credit system. A unified social credit code can link credit information from various regions and departments. Using the code as an index, it is possible to record economic activity in a panoramic manner, cross-audit credit conditions, and truly achieve “loss of trust in one place and restricted everywhere”.