China Industry News learned from the State Administration for Market Regulation that the State Administration for Market Regulation recently announced the "Administrative Measures for the List of Seriously Violated and Untrustworthy Market Supervision and Administration", "Regulations on the Publicity of Information on Administrative Penalties for Market Supervision and Administration", and "Administrative Measures on Credit Restoration of Market Supervision and Administration" and other three departments. Regulations and regulatory documents shall come into force on September 1, 2021.

       It is reported that the newly revised "Administrative Measures for the List of Seriously Illegal and Untrustworthy in Market Supervision and Administration" expands the scope of the list of severely illegal and untrustworthy, focusing on food, drugs, and special equipment and other market supervision fields that are directly related to the lives and health of the people. Stubborn disease, with heavy blows and drastic drugs, strengthen credit constraints and punishment for dishonesty, focus on solving the pain points of the masses and governance difficulties, truly let the market supervision grow teeth, realize "the sharp sword hangs high", and encourage the market players to be afraid and fearful. , Abide by the rules, enhance the awareness and level of law-abiding and honest management.

　　 The newly revised "Regulations on the Disclosure of Administrative Punishment Information on Market Supervision and Administration" and the newly formulated "Administrative Measures for the Administration of Credit Repair in Market Supervision and Administration" jointly promote the resolution of issues such as a long period for the publication of administrative punishment information by market supervision departments and an incomplete credit restoration mechanism. By improving and improving the credit restoration system, shortening the information disclosure period, and standardizing credit restoration procedures, we encourage illegal and untrustworthy parties to reshape their credit, stimulate the vitality of market entities, and build a new pattern of credit supervision by market supervision departments that combines decentralization, leniency and strictness, and orderly progress. .

       The State Administration for Market Regulation stated that the issuance and implementation of these three departmental regulations and regulatory documents is an important measure taken by the State Administration for Market Regulation to improve the social credit system and deepen the reform of “delegation, regulation, and service”. Long-term monitoring mechanisms, maintaining fair market order, stimulating the vitality of market players, and promoting high-quality development will all play an important role.