On The Construction Of Chinese Credit System In The Socialist Market Economy

To some extent, modern market economy is credit economy. And the more advanced the market-oriented economy is, the higher the demand for honesty and credit in the economic life. With the gradual establishment of the socialist market-oriented economy in our country, there comes up the tendency that various subjects of market try all means to maximize their profits, which accounts for the emergence of a great number of instances that violate the rule of credit in our economic life and thus exert harmful influences on the healthy development of the economy. Therefore, there exists the necessity of establishing and perfecting the credit system in our country so as to restrain the violation of the rule of credit in market transaction, to make every economic subject voluntarily project an credible image and assume an credible relation with its partners in the economic activities and transactions, to regulate the market order, and furthermore to guarantee the healthy and orderly development of the market economy in our country.This paper attempts to learn from the theories and practices of western economy the rational factors, and to make an analysis and exploration of how to build a credit system suitable to our socialist market-oriented economy from the perspective of the economic significance of credit and using the method of combining theory and practice, synthesis and analysis together.The whole paper is divided into three parts. The first part focuses on the analysis of the relation between credit and market economy. In this part, the author holds that credit, as a moral regulation, takes on a specific economic significance when reflected in economic behaviors and becomes an economic category reflecting the commodity-money relationship with the development of commodity economy and that credit itself is a kind of resources and an important factor in the orderly development of the market economy. In the second part, the author analyzes the harmful influences on the economic development due to the lack of credit in the economic life and the historical, ideological and cultural elements and the problems in management all of which contribute to the lack of credit in our economic life and among which the defectiveness of the credit system proves to be the major cause of the problem. Based on the points made in the second part, in the third part, the author contends that we should combine the real conditions of market economy in our country with the advanced western experiences and manage to establish and perfect the socialist credit system from five aspects which are the reform of the system of property rights, the improvement of the credit supervision and management of the administration, the establishment of the system of credit assessment, the building of the legal system and the ideological and ethical building.