Study On The Institution Arrangement Of China's Credit Investigation System

Credit investigation system is an important guarantee to maintain the healthy operation of modern market system. Credit Investigation system can resolve a fundamental issue in the credit market effectivly, that it is, the moral hazard and adverse selection caused by asymmetry credit information, reducing transaction costs of society. In the transition process from planned economic system to market economy system of China, credit problem impacts seriously on our country's market economic order due to lack of credit awareness and credit system. A good credit investigation system is an important institutional guarantee of the modern market economy system. Currently, China is building its own credit system, the credit system is still at an early stage, it is needed to be improved and perfected, it is an important realistic problem to research China's credit system.In this dissertation, the credit problem is a new system design issue for China. Firstly, this article introduces credit, credit investigation and credit system, backwards the development history of China's credit investigation, and analyses situationon and existing problems of current credit system. we think it is necessary to establish credit investigation system by analysing the information economy theory, system changing theory and transaction costs theory on credit investigation system.Then this dissertation introduces the credit investigation system of the United States, Europe and Japan, summes up their construction experience of credit investigation system, puts forward strategy choice and policy recommendation on China's credit information system from model, law, institutions and data, educational and so on.This dissertation holds that the credit system can save transaction costs and resolve the adverse selection and moral hazard. Reputation mechanism can restrict the main economic activities. So this dissertation suggests that building China's credit investigation system should accord with the general idea of "government support, market operation", strengthening constructure on credit agencies, databases, law, product and market areas. The innovation of this dissertation reflects in these aspects: on the research perspective, it studies the credit investigation system as a institution. On the application of theory, it applies information economics, system theory and transaction cost economics to discuss significance of credit investigation. On the research methods, it analyzes the importence of credit investigation system by using game theory. About the policy recommendations, this article suggests that building a credit investigation system can from mode selection, credit institutions and services, database construction, legal construction, credit education and so on.