Search results
Results from the WOW.Com Content Network
The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. [ 1 ] [ 2 ] The social credit system is a record system so that businesses, individuals and government institutions can be tracked and evaluated for ...
The main purpose of the law is stated in Article 1, "The Company Law of the People's Republic of China (hereinafter referred to as the "Law") has been enacted in order to standardize the organization and activities of companies, protect the lawful rights and interests of companies, shareholders and creditors, safeguard the social and economic ...
A Unified Social Credit Identifier is issued to registered companies and other types of organization by the Chinese government. It is "unified" in the sense that it is used both as the business registration number with the State Administration for Market Regulation (SAMR) and as the taxpayer identifier with the State Taxation Administration (STA).
For premium support please call: 800-290-4726 more ways to reach us
In 2019, the South China Morning Post reported that the Beijing Subway would also begin sorting passengers using facial recognition based on information pulled from the social credit system and criminal offending databases. Commuters who exhibited anti-social behavior or had previous bad credit scores would also be penalized under the system. [127]
The Beijing-based company is considered part of China’s $3 trillion “shadow banking” industry, a sector that forms an important source of finance in the country. The term usually refers to ...
Law on the Protection of Consumer Rights and Interests: 2009, 2013 5 March 1994: Law on Protection of Investment by Compatriots from Taiwan: 2016, 2019 22 March 1994: Budget Law: 2014, 2018 12 May 1994: Foreign Trade Law: 2004, 2016 31 August 1994: Audit Law: 2006 27 October 1994: Advertising Law: 2015, 2018 18 March 1995: Law on the People's ...
The number of Chinese millionaires is expected to double by 2026, according to a report by Credit Suisse issued on Tuesday, despite Beijing's national drive to ease wealth inequality and a sharply ...