The Notice requires full implementation of "Credit-based Documentation" reform by end of September 2025, substituting multi-departments compliance certificates with a specialized credit report. The main contents are as follows:

• The specialized credit report should at least include information such as administrative penalties, administrative coercive measures, seriously discredited entities, and criminal records.
• The specialized credit report shall apply to all types of business entities. Regions with the necessary conditions are encouraged to extend its application to social organizations and natural persons.
• The specialized credit report will comprehensively replace certificates of compliance issued by various departments in matters such as administrative approvals, public biddings, corporate financing, and applications for preferential policies. For instance, if enterprises apply for financing (loans, IPO, etc.), they can use the specialized credit report instead of a stack of compliance certificates from tax, social security, environmental protection and other authorities in the past.
• The "Credit China" website will establish a dedicated portal for specialized credit report inquiries, serving as a centralized channel for accessing regional special credit reports.