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Senior official calls for building credit systems to crack down on commercial bribery
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17:30, August 01, 2007

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A senior official has called for building credit systems in China's market to crack down on commercial bribery.

Construction of credit systems is a key task to wipe off commercial bribery, He Yong, leader of a central working group for cracking down on commercial bribery, told a working conference held here Tuesday.

He, also deputy secretary of CPC Central Commission for Discipline Inspection, drew a series of measures to establish market's credit system:

-- making complete, accurate and real time credit records of enterprises and individuals in social economic activities.

-- making the credit records accessible throughout the country to establish a nation-wide platform of credit information.

-- improving all sorts of public credit services for enterprises and individuals and encouraging more public credit service providers.

-- Seriously punishing parties who make discreditable behavior in the market and reduce faith-breaker's convenience in public service and financial loans.

The vice secretary also called for more education to build a creditable market among all enterprises and business individuals to establish a profound social atmosphere of credit.

Source: Xinhua



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