China’s central bank on Monday rolled out a one-time credit repair policy on its official website to support efficient and convenient credit restoration for individuals who, despite past credit impairments, are demonstrating positive repayment behavior.

According to the policy made by the People’s Bank of China (PBOC), the central bank, for personal overdue information with a single amount not exceeding 10,000 yuan (about 1420.26 U.S. dollars) during the period from January 1, 2020 to December 31, 2025, the financial credit information database will not display the overdue information if the individual repays the overdue debt in full before March 31, 2026.

The policy does not differentiate between financial institutions or business types, nor does it limit the number of transactions. The policy also requires no application or action from individuals, and no supporting documentation is needed. The credit information system automatically identifies and processes eligible overdue information.

"Credit has long been integrated into all aspects of daily life, and this policy clearly draws a rigid bottom line: those with outstanding debts will not be included in the repair scope. Through precise measures, the credit system will have both 'teeth' and 'warmth'," said Zhang Jun, chief economist at China Galaxy Securities.