China is putting pressure on the implementation of its compliance rules regarding cyber security and data protection. With immediate effect, companies that violate the legal requirements for cyber security and data protection will be recorded and disclosed in the Corporate Social Credit System (CSCS). This applies, for example, to the mandatory certification of network-connected IT… Continue reading Cyber and data compliance now included in the social credit system
Tag: chinese social credit system
Credit China: Objection Against Incorrect Social Credit Information Possible
In July 2020, Credit China, one of the main websites of the notorious Chinese Social Credit System, finally introduced an online system to apply for removal of wrong information displayed on the website and for rectification of information about administrative penalties. The information displayed on Credit China is collected from several relevant administrative authorities, combined… Continue reading Credit China: Objection Against Incorrect Social Credit Information Possible
China’s Social Credit System: Pressure on counterfeiters
The Chinese Social Credit System contains three lists: A (positive) red list, a watch list and a (negative) black list. They already have an impact on companies operating in China. Those on the red list enjoy advantages such as the fast processing of administrative procedures or easier access to credit. Companies whose operations are considered… Continue reading China’s Social Credit System: Pressure on counterfeiters
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