Service Charge Reduction of Credit Inquiry

On August 16, the National Development and Reform Commission-NDRC issued the Notice on Reducing the Service Charge of the Credit Inquiry Center of the People’s Bank of China, which dramatically lowered the service charge standard of credit inquiry. The benchmark service fee for inquiring enterprise credit report by commercial banks and other institutions has been reduced from 40 yuan to 20 yuan per copy, and the benchmark service fee for inquiring individual credit report has been reduced from 4 yuan to 2 yuan per copy. The charges for pledge registration of accounts receivable are reduced from 60 yuan to 30Read More →

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