Individual Credit System Construction Research In Expense Credit Market

In stimulating consumption, promoting the policy of expanding domestic demand, China's commercial bank's consumer credit business from scratch. rapid development, some developed areas has entered a golden period for the development of consumer credit. However, the commercial banks are unable to share personal credit information for consumer credit risk management sowing the seeds for the credit. Personal loss is prevalent in the consumer auto loans, housing loans and consumer credit card business. The lack of credit information has become the consumer credit market in China will improve its personal and commercial bank credit assessment tools bottle neck. In recent years the rapid growth of consumer credit, personal credit appraisal system in the building of the urgent request. Rapid growth in consumer credit from commercial banks under the background of how to establish and improve China's personal credit credit system. and the attention of the whole society has become challenging the theory of systems engineering research, My government is also faced with the arduous task of this stage. Credit is an important feature of the market economy, the widespread loss of credit greatly increased the transaction costs. hinder the effective functioning of the market mechanism. The establishment of a sound social credit system is a perfect socialist market economic structure and institutional arrangements. is a necessary condition for the construction of a modern market system, standardizing the market economic order to solve the problem. Personal credit system means that the economic life of the management, supervision and protection of personal credit activities of a set of rules, the sum of policies and laws, primarily for banks and other financial institutions shows that provide a basis for interpretation and identification of a natural person credit. and through a series of laws and regulations on individual credit system to regulate activities to enhance awareness of trustworthiness. for the establishment of a sound market economy order to provide safeguards in the system. This paper mainly to the modern credit Theory as the guide, Information theory and transaction cost economics from the perspective of consumer credit, personal credit system for an in-depth discussion. Theoretical analysis of the necessity of establishing a personal credit system. From the perspective of social capital theory and explained the personal credit occurred from the perspective of game theory as a result of a personal credit system deficiencies adverse selection and moral hazard caused by the formation mechanism. China's personal credit system based on the analysis of the current situation, learn from foreign experience in building a personal credit system. System proposed a series of policies conducive to the development of China's personal credit system : improving the personal credit system, the legal system; and the importance of government departments to guide and promote; Credit intermediary organizations to promote personal development and database development; Application of mathematical economic analysis. develop objective assessment of the personal credit system; strengthen the building of a credit culture.