Debtor blacklist leaves its mark

The Supreme People's Court will share a blacklist of dishonest debtors with more banks and enterprises in a move to push the defaulters to implement judgments and boost China's social credit system.

So far, the blacklist has been shared with some departments, including the China Securities Regulatory Commission and the Credit Reference Center with the People's Bank of China, the top court said.

"Some employers have checked the blacklist before hiring, and a few financial institutes have stopped these defaulters' loans," said Liu Guixiang, director of the court's debtor supervision department.

"We hope to punish these dishonest debtors by squeezing their living space and reducing their job opportunities," he added.

After the blacklist was posted on the court's website, 1,045 defaulters paid off debts, said Sun Jungong, spokesman of the court.

Information on these debtors will be deleted from the website soon, but how long their credit will need to recover in other departments depends on the institutes themselves, he said.

Under current laws, it can take up to five years before their good credit record is restored, he said.

In addition, to avoid government protection and selective disclosure, the court will develop regular checks and calls for the public to report, he added.