The State Administration of Financial Supervision and Administration has released regulations on the management of the list of serious dishonest subjects.

The "Regulation" consists of 31 articles, mainly including the following contents: 1. Prudently defining the scope of list inclusion. Financial institutions and their employees subject to administrative measures by the China Banking and Insurance Regulatory Commission or its dispatched institutions, with particularly egregious nature and extremely serious circumstances, will be included in the list of serious dishonest subjects. 2. Clarifying the management measures for serious dishonest subjects. In accordance with relevant laws, regulations, and policy documents of the CPC Central Committee and the State Council, the China Banking and Insurance Regulatory Commission and its dispatched institutions have stipulated the management measures that can be taken against subjects listed on the list. 3. Strictly regulating the list management procedures. Specific procedures for listing and delisting, as well as prior notification, statement and defense procedures, are defined to fully protect the right to information and defense of relevant subjects. 4. Establishing a credit repair mechanism. Encouraging serious dishonest subjects to correct their dishonest behavior, eliminate adverse effects, and clarify the conditions for early removal and verification deadlines.