On The Individual Credit Reporting Legal System

Since reform and opening up 20 years ago, the social and economic structures have undergone profound changes, which make the original credit regulation outdated. With no updated regulations in place, losing-credit has become one of the most severe problems in our society. The thesis will focus on how to restructure credit regime and where to start in rebuilding credible China.Bearing on the attributes of personality, contract and law, the individual credit reporting systemn is a new commercial legal system. It is very useful to rebuild credible China. The thesis has done in-depth research on the individual credit reporting system with five chapters.Chapter I Analysis on the basic concepts and legal relations in individual credit reporting systemWhy the academy has always had disputes over credit issue is that the recognition of credit concept is rather vague. After researching Chinese and foreign credit conception, it could be found that modern credit concept actually represents the one under western language environment. The thesis analyzes modern credit concept from the angle of sociology, economics and law.In western country, Credit reporting has existed more than 170 years, but in our country, the corresponding legislation only began recently. There are many question need to research, according our country's situation. Credit reporting means collecting and investigating credit information, and it has close relations with credit concept. Credit concept in economics is the prerequisite for credit reporting. Credit concept in Law reflects the essence of credit reporting process. Credit concept in sociology explains the objective of credit reporting. The thesis then analyzes the necessity of establishing individual credit reporting system in China and explains concepts as well as legal relations related to credit reporting.Chapter II The theoretical ground for individual credit system ------ Justification and bound of credit-reportingThough the call for establishing credit-reporting system is heard in recent year, the...