Analysis of laws and national policies of credit evaluation industry - World Credit Organization

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Legal and national policy analysis of the credit evaluation industry

1. The Administrative Licensing Law of the People's Republic of China provides legal protection for the market-oriented development and fair competition of the credit evaluation industry.

In 2004, China implemented the "Administrative Licensing Law of the People's Republic of China", officially opening up the credit evaluation industry. More and more government officials realize the significance of the central government's firm implementation of the "Administrative Licensing Law of the People's Republic of China" and realize that the spirit of the modern rule of law specified in the "Administrative Licensing Law of the People's Republic of China" can give full play to the creativity of the public and promote social development . More and more government officials support non-governmental organizations to enter the credit evaluation industry.

2. The determination of the Party Central Committee and the State Council to firmly implement WTO commitments and create a "rule of law" and "limited government" has provided a strong policy environment for the market-oriented development and fair competition of the credit evaluation industry.

3. The "Anti-Monopoly Law of the People's Republic of China" and the soon-to-be-revised "Administrative Litigation Law of the People's Republic of China" will play a role in escorting and clearing up obstacles for the healthy development of the credit evaluation industry. It is reported that the "Administrative Litigation Law of the People's Republic of China" has been included in the legislative plan of the National People's Congress. The focus of the revision is to incorporate the judicial review principles required by the WTO into the law. At that time, the public can sue the court for illegal government documents. Government documents on fair competition in the credit evaluation industry will be cleared by public interest litigation.

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