The Regulations on the Administration of Credit Information Industry has corresponding provisions on this:

Article 16 The retention period of personal bad information by credit reporting agencies is 5 years from the date of termination of bad behavior or incident; More than 5 years, should be deleted.

During the retention period of bad information, the information subject may explain the bad information, and the credit reporting institution shall record it. Information subjects can inquire their own information from credit reporting agencies.

Extended data:

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Regulations on the Administration of Credit Information Industry and other relevant laws and regulations:

Article 28? Personal credit business license is valid for 3 years. If the period of validity expires and needs to be extended, it shall apply to the People's Bank of China 60 days before the expiration of the period of validity and renew the Personal Credit Information Business License.

The People's Bank of China and its branches may interview the directors, supervisors and senior managers of credit reporting institutions according to the regulatory needs, and ask them to explain major issues in credit reporting business operation, risk control and internal management.

Article 29? Where an individual credit reporting agency terminates its credit reporting business, it shall make an announcement in the media designated by the People's Bank of China within 20 days from the date of termination, go through the cancellation procedures of the Personal Credit Reporting Business License, and return the license to the People's Bank of China.

Baidu Encyclopedia-Regulations on the Administration of Credit Information Industry