Kendra Schaefer 凯娜

Quick recap on social credit data: There are 2 types of data that can impact a person or company's social credit standing: 1) Public Credit Info (PCI), generated when you interact with the government. 2) Market Credit Info (MCI), generated during market interactions. 2/12

PCI includes government records like tax and social security payment records, operational licenses. etc. Basically, when you interact with government body or court, records are generated, and some of those records go in your social credit file. 3/12

There has been less available information in terms of what "MCI" is and how it will be regulated. We have a vague understanding based on definitions like the one provided in this regulation: 4/12

“MCI refers to the info generated and obtained by credit service agencies, industry assocs, chambers of commerce, and other enterprises, institutions and information providers during production, operation, provision of services, or industry self-regulatory activities.” 5/12

In other words, PCI is supposed to determine if a company is operating in compliance with the law. MCI is supposed to supplement PCI to determine whether or not a business or professional is operating soundly, and offering high-quality products and services. 6/12

In short: Under China's social credit system, the government collects PCI. Non-government bodies collect MCI and may provide that to the government. So, the Tianjin regulations layer in a few restrictions on how MCI can be collected. 7/12

"Where a market credit information provider collects natural person information, it shall obtain the consent of the individual and agree on the purpose, unless otherwise provided by laws and administrative regulations." 8/12