Theory And Its Positive Study Of Credit Relations Of Market Participants

This thesis has thoroughly studied on the credit relations of the market participants in China .This thesis has basically realized three goals .The first is to found the theoretic framework suitable for the credit relations movement among the market subjects in China by using for reference and absorbing the predecessors' theory study fruits .The second is to summarize the basic problems during the credit relations movement and study how these problems have influenced on society and economy through reviewing the present situations in positive part .The third is to probe into the basic approach to realizing the normalization. We have arrived at conclusions as follows :1. The rationalization of property right institutions is the real microsmic foundation ,so Chinese traditional property right institutions couldn't give birth to the real credit activities .There is no real buying and selling activities in the economic structure based on the state institution in which the state is actually the only real property owners of the whole social economic resources . So genuine credit system or transaction system doesn't appear. Only on the basis of the independent property owners or property subject can come into being the genuine credit activities, be set up real credit system and form the real credit system ,then be produced the real financial market.2. At present stage moral and institutional environments where credit exists have many defects, which have made the credit relations get worse and worse .This exasperate tendency has showed those : (1) Personal credit has worsen . (2) During enterprises management process the action of breaking words has spread unchecked. (3) The state and the government credit has bigger problems.3. Many kinds of causes gave rise to credit relations worsening situation, which have baffled social and economic development .The reasons that mostly caused credit relations deterioration are :(1) Credit cultural quality of residents in our country is low. (2) The enterprises are short of consciousness of honest management and understand inadequately the significance of credit which holds together the enterprises subsistence and development. (3) The information asymmetry occurs in credit market. (4) The relations among market subjects are not distinct. (5) Some of special systems corrected with credit such as credit evaluation, guaranty and personal credit systems are in a state of juvenility and the whole social credit system hasn't been created either .(6) The legal system and the rule of law is not complete yet . Furthermore the enforcement of laws is not strict .So the safeguard of credit relations did not do our best. Moreover the government' administrative management system is not complete .So the bigger problems are created and have influenced on the social and economic development in our country including hindering the enterprisers' manufacture and management, affecting personal consumption, hampering the national economic development and lowering the national prestige and imagine .4. The government plays a key role in establishing good credit relations .It is imperative thatpolitical institution reform should be carried out and a political and economic system to bring about an economic development should be founded in order to establish good credit relation .The government is the a supervisor for the market economy, traditional viewpoints, which the market means efficiency and the market allocation of resource will achieve the most economic welfare has been changing .The government behavior , its functional appropriate scope and basic principle of intervening economy have been paid more attention to. In accordance with the present problems which our government has represented our country need implement economic institution reform to perform the new political system fit for the credit relation normalization .The reform mainly includes the separation of government and enterprises, the government affairs being brought into open .administration decision-making and assessin...