Credit Card Risk And Government Regulatory Responsibility Research

Credit trading is the inevitable product and the inherent requirement of a highly developed market economy. Credit cards have become major carriers of credit trading as important extension of the monetary system. In a mature market economy, the European and American markets, backed by a sound credit system and a strong information technology credit cards have become widely used payment instruments, and financing channels. Credit card industry has become a pillar industry in the national economy, maintaining a certain level of growth every year . In recent years, China's credit card business from immature to mature gradually, going into people's daily lives, especially in the economically developed areas, by virtue of their convenience, security and flexibility characteristics credit cards are becoming an important means for daily payments. Although credit cards in China lag far behind the starting "debit cards", but on the frequency of use and market share, the credit cards will replace the debit cards to become the preferred payment. The development of the credit card industry seems a new industry rise, however, it emerge a great impact on the whole community. The establishment of a credit system was triggered by the development of personal credit information from credit card in China. It provided an opportunity to establish good order for the entire capital market, and help create a social atmosphere of honesty and trustworthiness.After several decades of development, credit cards, in the western countries have become indispensable tools for people's daily life. Compared with them, China's credit card industry is at a start-stage, but credit cards are changing the society, bringing great convenience to people's lives, they are also effective in improving the efficiency of individual financing, and bring profit to credit card issuers, merchants and the state. But in the course of development of the credit cards face a host of challenges and risks. For credit card-related organizations and individuals there is a degree of risk. As a new sunrise industry, mainly from the internal driving force for its development. But concern their impact on society , the government needs to play a good role to defend credit card risks and drive the credit card industry develop healthy and orderly . The government should pay attention to such topics as how to make effective use of credit card industry's positive impact on promoting the establishment of a social credit system, how to establish and perfect relevant laws and regulations for credit transactions, how to guard against illegal use of credit cards for payment and how to strengthen supervision over the risks occurred by credit card transaction. Currently, the government has increased the importance for the credit card industry to a certain height, more than being drafted to improve the laws and regulations related to credit card, personal credit information database has been put into use. But laws and regulations are relatively stagnant. Credit card risks are ambulance continuously. Facing the problem straightly and take positive measures to improve are responsibilities of the government which can not shirk.