Bad information will be updated every 5 years.
The "Regulations on the Administration of the Credit Reporting Industry" has corresponding provisions:
Article 16: The retention period of personal bad information by credit reporting agencies shall be terminated after the bad behavior or event It shall be 5 years from the date; if it exceeds 5 years, it shall be deleted.
During the retention period of adverse information, the information subject may explain the adverse information, and the credit reporting agency shall record it. Information subjects can inquire about their own information from credit reporting agencies.
Extended information:?
Relevant legal provisions of the "Credit Reporting Industry Management Regulations":?
Article 35: Determination of corporate dishonesty, The department that initially made the decision on the enterprise's untrustworthy conduct should make recommendations on the identification of untrustworthy conduct for reference by other judicial administrative agencies. The validity period of the blacklist of untrustworthy enterprises is consistent with the duration of the record of untrustworthy enterprises.
Judicial administrative organs at all levels should clarify the specific standards for untrustworthy behavior in accordance with the regulations of their own departments and in light of actual conditions, and report them to the Provincial Leading Group for the Construction of Social Credit System for filing.
Article 36: The disclosure of the blacklist of untrustworthy enterprises shall be objective, accurate and fair to ensure the legality and authenticity of the disclosed information. Disclosure of corporate trade secrets is prohibited. The time limit for disclosure of the blacklist of untrustworthy enterprises should be consistent with its validity period.
Baidu Encyclopedia - "Regulations on the Administration of the Credit Reporting Industry"