| At present, the enterprises in China have been in the watershed between the framework of the traditional planned economy and that of modern market economy. As the basic condition of modern enterprises administration, the reform of property right oriented in legal person administration has been built up, but the actual performance of our enterprises still can not meet the requirements of current buyer's market and credit economy. Especially the high rate of outstanding payment and accounts receivable is the bottleneck of the corporation development. Outstanding payment results in credit risk, which can be controlled from improving the living environment of enterprise or enhancing the relative managerial measures. The most effective one of the two ways of decreasing the credit risk is to take some credit management measures. This is not only because the high rate of accounts receivable in business is so highly related with enterprise's poor performance in credit management, but also because it is so difficult for traditional Chinese enterprises to adapt themselves to the change of living enterprise. It has been proved in practices that how to build up the credit management mechanism is the key point of enhancing the business efficiency.The evaluation of the enterprise credit risk is a hot issue in financial economics debated by financial economists and investors for a long time, especially in the United States and Europe. Although there are numerous discriminate models and approaches, up to now there seems no one to be so effective to be dominating. The reason why it has caused so much concern,which leads to the development and adopting of varies methods, lies in its paramount importance. Whether the credit risk of listed company can be discriminated,means whether exact credit problem of the enterprise can be evaluated according to public information. Credit evaluation model can tell the administration the status and development trend of the company, so that counteractive measures can be taken to prevent it from deteriorating and it can also help the financial institutes to make the right evaluation and selection. Besides, it can allow the creditors effectively evaluate the feasibility of a loan. This paper is intended to shed some light on status quo of Chinese companies' credit management and commercial bank credit management, and gives some suggestion from both the theoretical and application point of view. Combining qualitative and quantitative analysis, the author establishes a Logistics Model to evaluate the Chinese listed companies' credit status based on the public information. It turned out to be effective. This article mainly consists of three parts. Part 1: Introduction of the definition and category of credit. The author discusses the category of credit management, analyzes the current situation of the enterprise credit management and commercial bank credit management in China, and provides some suggestions for improvement. Credit has multifaceted meanings in different areas. In the condition of market economy, credit mostly refers to the credit in trade. It is a kind of ability which is based on trust and it is the main form in capital loan and product trade. And it becomes the most important basis of contract relationship. According to modern credit subjects, credit can be divided to three types----- country credit, individual credit and enterprise credit. The discussion sequence as follows, country credit management, individual credit management, enterprise credit management and bank credit management. In the market economy of developed countries, credit relationship and credit mode have become the main form of enterprise's trades. The credit period and credit limit of credit sale are depend on the grade of trust. Credit management is the main part of the modern enterprise management. Because of mechanism problems, the enterprises in China have two extreme manners-----fearing of credit sales and rash credit sales. They influence...
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