this post was submitted on 22 Dec 2025
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China to hide bad debt records for pandemic-hit borrowers who repay small loans (www.scmp.com)
submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital
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China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing – part of a broader push to bolster the economy and repair household balance sheets. The People’s Bank of China said the measure targets borrowers with a single instance of overdue debt incurred between 2020 and 2025 and not exceeding 10,000 yuan (US$1,421). If the debt is fully repaid by March 31, the default record will be hidden from credit...

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