On July 30, 2021, the State Administration for Market Regulation (SAMR) released the Provisions on Information Publicity of Administrative Punishment, which will be effective from September 1, 2021.
 
Key messages of the Provisions include:

• For administrative punishment which is only criticized or fined in a lower amount, the publicity shall be stopped after three months. For other administrative punishment, publicity shall be stopped after three years.

• Credit repair can be applied for when the publicity of administrative punishment reaches the prescribed time limit. However, publicity shall not be stopped in advance for serious administrative punishment including suspension or restriction of production and business operation, reducing level of qualification, revoking business license, etc.

A more transparent system for publicity of administrative punishment could enable MNCs and foreign investors with more knowledge on the enterprise or entities that they intend to invest. 

If you need more information on the topic, please contact:

assistant@bestao-consulting.com