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state administration for market regulation and national data administration: select 8 pilot cities to open credit supervision data

2024-10-01

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the state administration for market regulation and the national data administration recently jointly issued the "notice on launching a pilot program for opening credit supervision data to platform enterprises to promote the standardized and healthy development of the platform economy", selecting 8 pilot cities to open credit supervision data to support mobile payment platforms in verifying the relevant information of individual industrial and commercial households. information to conveniently open online merchants and support credit card payments will help expand customer acquisition channels for individual industrial and commercial households, and will further improve payment convenience for overseas residents in china who are accustomed to credit card payments. the notice proposes to carry out pilot projects to open credit supervision data to mobile payment platform companies in eight cities, including suzhou in jiangsu, hangzhou in zhejiang, jinan in shandong, wuhan in hubei, changsha in hunan, shenzhen in guangdong, chengdu in sichuan and xi'an in shaanxi. according to statistics, the total number of individual industrial and commercial households in the eight cities under this pilot accounts for about 9.3% of the country. it is expected that this pilot can cover more than 11 million individual industrial and commercial households.