Notice of the National Development and Reform Commission Issuing the
Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate
Development and Reform Commission Document no. 1206 (2017)
To all provinces, autonomous regions, municipalities directly controlled by the central government, and related departments and institutions of the Xinjiang Production and Construction Corps:
In order to implement the spirit of the 18th Party Congress, and of the 3rd, 4th, 5th, 6th Plenums, to implement the requirements of the ‘State Council Notice Issuing the Planning Outline on the Construction of a Social Credit System (2014-2020), the ‘State Council Guiding Opinion on Establishing a system of joint rewards for those who keep trust and a system of joint punishment for those who breach trust and accelerating the construction of a social integrity system’, and the ‘State Council Opinions on accelerating nurturing and development of the housing market’ (Guofa  no. 39), focus on cultivating and carrying forward socialist core values, accelerate the construction of a social credit system, establish and perfect a joint punishment mechanism for those who breach trust, establish a sound inter-departmental joint punishment mechanism, promote a business conduct of lawfulness and integrity among relevant subjects on in the field of real estate, the National Development and Reform Commission, the People’s Bank of China, The Ministry for Housing and Urban and Rural Construction, the Central Organization Department, the Central Propaganda Department, the Public Sector Reform Commission, the Central Spiritual Civilization Office, the Cyberspace Administration, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Land Resources, the Ministry of Environmental Protection, the Ministry of Transportation, the Ministry of Water Resources, the Ministry of Commerce, SASAC, the General Administration of Customs, the General Administration of Taxation, AQSIQ, GSS, CBRC, CSRC, CIRC, the Civil Service Bureau, the Civil Aviation Bureau, the National Federation of Trade Unions, the Central Committee of the Communist Youth League, the National Women’s Federation and the Railway Corporation have signed the Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate.The Memorandum of Understanding is hereby issued to you, please diligently implement it.
Annex: Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate