In a bid to bolster economic recovery following the COVID-19 pandemic, the People's Bank of China (PBOC) has introduced a new credit repair policy aimed at individuals struggling with small overdue debts. This initiative, announced on December 22, 2025, is expected to provide much-needed relief to many citizens, and the publication demonstrates positive momentum in the developments.
PBOC Targets Individuals with Overdue Debts
The PBOC's policy specifically targets individuals with overdue debts of less than 10,000 yuan. By encouraging these individuals to settle their debts by March 31, 2026, the central bank aims to facilitate the automatic removal of overdue records from their credit histories. This move is anticipated to simplify the credit recovery process for many, allowing them to regain access to financial services more easily.
Broader Strategy for Economic Recovery
This initiative is part of a broader strategy to stimulate economic activity and support those affected by the pandemic. By addressing small debts, the PBOC hopes to improve the financial health of individuals, ultimately contributing to a more robust economic recovery in the country.
Recently, a new structured roadmap was introduced to help individuals manage credit card debt effectively. This guide offers strategies that contrast with the PBOC's recent credit repair policy aimed at small overdue debts. For more details, see effective strategies.
