The Establishment Design Of Individual Credit System

Individual credit consumption takes 20-40% total share of bank credit and dedicates 30-70% profit overseas. However, the individual credit market in China is far below the proper level. And the very reason is the deficiency of individual credit system.Firstly, this dissertation starts with researching the function of individual credit system that resolves the information discrepancy occurring to domestic individual credit consumption market, in terms of economic theory. Secondly, enclosing the conflict between credit deficiency and the credit consumption marketing development, this dissertation is to probe into the practical necessity of building up Individual Credit System in China.Comparing to the feature and feasibility of different patterns, this dissertation describes the mature credit system in developed countries, especially in the USA, through the phase of legislative system, organization structure, information management and assessment case FICO model.Although the individual credit system in China is not completely founded, some useful attempts are already applied. The individual credit assessment in China is only directed against bank system. In Shanghai and Shenzhen, individual credit assessment system has been started experimentally. And the success in Shanghai has accumulated very precious experiment.The project based on the research above: The applicable organization structure ought to be a public information collecting department which is subordinated to the central bank and guided by central government, and to acquire data collection compulsively; the data base is formed with two parts, one for individual financial asset information system and the other for general social individual credit information system; the credit information is to be concluded to reports to provide to financial banks and consumers; the simple discussion of credit assessment.Having difficulties of unsound legislation and supporting management system; also unclear government functional role, the proposal to establish domestic individual credit system is given: to ameliorate legislation process; to give integrated guideline and supervision; to improve supporting system; to establish penalty system; to build up the consciousness of individual credit reputation. According to the study, a consideration is given: In order to build up a mature domestic individual credit system, it is necessary to formulate a code of individual credit system possibly soon; to establish a particular individual credit information department directed by central government; to establish national individual credit information system; and to program the research of interrelated system pattern.