Eight Cities Pilot Credit Supervision Data Openness, Empowering Micro and Small Enterprises with Mobile Payment Platforms

Tech 2025-03-26 09:32:47 Source: Network

Eight Cities Pilot Credit Supervision Data Openness, Empowering Micro and Small Enterprises with Mobile Payment PlatformsIn March 2025, the State Administration for Market Regulation announced the positive results of a pilot program in eight cities, including Suzhou, Jinan, and Chengdu, which opened up credit supervision data to mobile payment platforms such as WeChat Pay and Alipay. This pilot program aimed to simplify the process of opening merchant collection codes, promoting the healthy development of business entities, and has made significant progress

In March 2025, the State Administration for Market Regulation announced the positive results of a pilot program in eight cities, including Suzhou, Jinan, and Chengdu, which opened up credit supervision data to mobile payment platforms such as WeChat Pay and Alipay. This pilot program aimed to simplify the process of opening merchant collection codes, promoting the healthy development of business entities, and has made significant progress.

By connecting credit supervision data with mobile payment platforms, the pilot program achieved rapid verification and risk inspection of individual business operators. Suzhou, Jinan, and Chengdu, among others, each explored different implementation plans, achieving remarkable results and providing valuable experience for other cities nationwide.

Suzhou: High Efficiency and Convenience, First to Complete Interface Joint Debugging

The Suzhou Market Supervision Bureau and the City Data Bureau collaborated closely with Alipay, becoming the first among multiple pilot regions nationwide to complete interface joint debugging tests and credit supervision data calls. This work began in 2024, and after multiple rounds of communication and technical debugging, the interface joint debugging test was finally completed at the end of November 2024. By the end of February 2025, over 3,000 individual business operators completed verification and registration through the verification interface, successfully applying for business codes. This number fully reflects the convenience and efficiency of the interface. More noteworthy is that the payment platform made a staggering 14.16 million queries using Suzhou's open interface, cumulatively completing risk inspections of 1.598 million individual business operators, providing strong support for maintaining market order and protecting consumer rights. The efficient data processing capability significantly improved regulatory efficiency and effectively reduced regulatory costs.

Jinan: Multi-Party Collaboration, Lowering the Entry Barrier

The Jinan Market Supervision Bureau, the City Big Data Bureau, and two other departments formed a pilot promotion team, employing various measures to ensure the smooth progress of the pilot program. Through seminars and on-site visits to individual merchants in commercial districts, they widely solicited opinions and suggestions, fully understanding practical needs, and formulating a scientific and reasonable pilot program. A dedicated pilot zone for credit supervision data openness was established to ensure data openness consistency and operability. Importantly, Jinan encouraged participating enterprises to offer preferential policies for opening codes, reducing the fee rate for individual business operators, thus lowering the operating costs of micro and small enterprises and promoting the popularization of business codes. To date, participating enterprises have queried data 12,000 times, and over 200 business codes have been opened. Jinan went further, exploring the use of credit supervision data to support micro and small enterprise credit work in the Jinan section of the Pilot Free Trade Zone, expanding the application of credit supervision data to the financial field and providing new avenues for micro and small enterprise financing.

Chengdu: Institutional Guarantees, Efficient Service

The Chengdu Market Supervision Bureau, together with the Municipal Development and Reform Commission (Municipal Data Bureau), jointly issued the Pilot Program for Opening Credit Supervision Data to Platform Enterprises, and signed a data opening agreement with Alipay (China). They coordinated with the Municipal Public Credit Information Center to determine the technical scheme for opening credit supervision data, completing the construction of relevant institutional mechanisms and information sharing channels for the pilot program, providing a solid institutional guarantee for data security and effective utilization. This groundwork laid a solid foundation for the smooth opening and application of data. By mid-March, a cumulative 5.4 million data accesses had been supported for Alipay (China), serving 31,000 business entities in opening business codes. Remarkably, the Chengdu pilot program shortened the business code review time to as little as 15 seconds, significantly improving efficiency and allowing micro and small enterprises to truly experience the convenience and efficiency of government services.

Eight Cities Pilot Program: Positive Results, Future Outlook

The positive results of the pilot programs in Suzhou, Jinan, Chengdu, and other eight cities demonstrate that opening credit supervision data and empowering mobile payment platforms can effectively simplify the process of opening merchant collection codes, reduce the operating costs of micro and small enterprises, improve regulatory efficiency, and promote the healthy development of micro and small enterprises. By simplifying processes, reducing costs, and improving efficiency, pilot cities have effectively lowered the entry barriers for micro and small enterprises, creating a fairer competitive environment. This not only helps promote market prosperity but also provides replicable and promotable experience for other cities.

It is noteworthy that pilot cities have accumulated rich experience and lessons during the exploration process. These experiences and lessons are of significant guiding significance for future nationwide promotion. For example, data security and privacy protection have always been key concerns in the process of data opening. How to ensure data security and integrity, and how to protect the privacy of individual business operators require further research and improvement of relevant systems and technical measures. In addition, data standards and technical solutions may differ between cities, requiring enhanced coordination and unification to ensure data interconnectivity and efficient utilization.

In the future, as the pilot program continues to deepen and expand, more cities will join this effort, providing convenience for more micro and small enterprises and promoting the sustained and healthy development of the market economy. By establishing a more perfect credit system and improving data sharing and application levels, the business environment can be further optimized, creating a fairer, more convenient, and more efficient development environment for micro and small enterprises. This not only helps promote economic development but also helps maintain social stability and protect people's livelihood. Continuously improving and optimizing the pilot program will contribute significantly to promoting high-quality economic development in China. This also reflects the government's determination and ability to serve micro and small enterprises and enhance market vitality. By innovating regulatory methods, simplifying procedures, and reducing the burden on enterprises, the government has further improved its governance capacity and service level. This is not only a reflection of the transformation of government functions, but also an important sign of the continuous improvement of China's market economic system. In the future, with continuous technological advancements and system improvements, this pilot program will undoubtedly achieve greater success, bringing more development opportunities to micro and small enterprises.

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