A Research Into The Establishment Of Personal Credit Reporting System In The Development Of Consumer Credit

Consumer credit is an important measure to stimulate consumption, expand domestic demand and develop production. Recently, the sustainable development of consumer credit market is increasingly constrained by efficiency loss and institution bottlenecks. Traced to its source, it is the lack of personal credit reporting system. The development of consumer credit calls for the establishment of personal credit reporting system.The role of credit reporting in consumer credit market is reflected in the relevant economic theory, which is also proved by its application in the consumer credit markets of western countries. It is a general rule to start healthy consumer credit with the set up of relevant institutions. USA is one of those countries which have the most successful consumer credit, attributes to its maturely consumer credit reporting system, well-found credit bureaus and advanced credit valuation mechanism, which also indicates the development direction of credit reporting system in our country. USA, Europe and Japan, represents three different models to set up credit reporting systems. We should sum up their advantages and disadvantages, from a practical point of view, then to select an appropriate path to develop consumer credit.Based on the theoretical analyses and experience reality, this dissertation creates gambling models between commercial banks and consumers, with the purpose f analyzing the influence of consumer credit information sharing arrangement to the consumer behavior and the effectiveness of consumer credit market, as well as obtaining corresponding policy implications. The dissertation further sums up the necessity and urgency of the establishment of personal credit reporting system, with the factors which influence the information asymmetry between banks and consumers and the demand for consumer credit as starting points.At last, directing towards the problems and inadequate existing in the personal credit reporting system, a series of proposal is given. The establishment of personal credit reporting system is a systematic task, which needs the joint participation and efforts of the government, intermediary institutions and banks. On the macro level, the government should improve legislation; strengthen the industry regulation and the construction of consumer credit information database. On the micro level, the intermediary institutions and banks should complete the consumer credit indexes set, as well as improve credit valuation techniques.