Wei Zhe, the CEO of China's B2B service provider Alibaba, announced at the inaugural ceremony of the Credit China Year that Alibaba will spend CNY1 billion setting up a small enterprise credit guarantee fund to promote the construction of a business credit system in China.

Chinese online auction website Taobao.com is calling on its 130 million users to join a campaign to fight against online credit speculation.

According to the China Charity and Donation Information Center of the Ministry of Civil Affairs, a total of CNY2.959 billion, both in cash and in-kind donation, was promised in June this year, but only about CNY915 million was fulfilled, accounting for 30.9% of the total.

Sun Bo, a director of the General Administration of Quality Supervision, Inspection and Quarantine of China, has disclosed to the local media that AQSIQ will set up a quality credit system to blacklist companies involved in quality related accidents and quality problems.

China Merchants Bank has formally published its 2008 corporate social responsibility report.

The Bank of China has formally released its 2008 corporate social responsibility report.

Wang Hai, China's famous consumer rights advocate, has submitted to a 3,000-word report to both the Zhejiang Provincial Department for Industry and Commerce and the Consumer Rights and Interests Protection Department of China's State Administration for Industry and Commerce, accusing Chinese online auction website Taobao.com of infringing on consumers' rights.