On Credit Crisis Precaution Of Commercial Banks In China On The Condition Of Asymmetrical Information

With the opening up of the financial industry in our country, commercial banks in our country are confronted with great crisis. Especially after the financial crisis of the United States which led to the financial crisis of the world, credit crisis are the most essential crisis. In recent years, our country has dealt with great amount of bad assets and has explored the way of constructing our social credit system so as to deal with the asymmetry between the information of commercial banks and information of enterprises. However, according to the present situation, the differences in credit crisis management between foreign countries and us are great, and asymmetry between the information of commercial banks and information of enterprises is still serious, so the credit crisis is serious. Therefore it is an essential project to do research in credit crisis management of commercial banks, to solve the problem of asymmetry between the information of commercial banks and information of enterprises and to improve the credit crisis management of commercial banks in China.Literature survey method, logical analysis method and solid evidence method are utilized in this paper. The relationship between credit crises of commercial banks and asymmetry information is thoroughly analyzed. Then it is pointed out that the root of commercial bank's credit crisis is that the information owing to the commercial banks and the real information of enterprises are asymmetry. By analysis of social credit information system, we try to solve the problem of asymmetry between information of commercial banks and information of enterprises, to find out the ways to solve the problems such as the present lagging credit legislation in the social credit information system, lack of effective supervision and restriction mechanism, the present initial starting stage of the credit information data base and credit organs' improving. Then we summarize the advanced countries' social credit information construction. On the basis of the construction of credit information system of three typical advanced countries, the United States, Germany and Japan, we propose the construction of the social credit information system in our country. To be specific, we can start from constructing of the external environment of social credit information system and inner operation of social credit information system. Finally, by solid evidence researching method, with the help of the social credit information system that we have constructed, the credit crisis precaution flow of commercial banks is formed.There are eight chapters in this paper. The first chapter presents asymmetry information theory in and outside our country, which is the theoretical basis of this paper. The second chapter discusses the relationship between asymmetry credit information and commercial banks' credit crisis and points out that by the way of decrease asymmetry information we bring symmetry information into reality as far as possible to take risk precaution against commercial banks' credit crisis. The third chapter analyzes the reasons of commercial banks credit business crisis, which is the basis of solving the problem of asymmetry information in the following chapters. The forth chapter introduces how U. S., Germany and Japan deal with commercial banks' credit crisis by construction of social credit information system. This chapter also systemically introduces different social credit system models of those three countries, which are reference to construct social credit information system with Chinese characteristics. The fifth chapter summarizes exploratory practice of construction of social credit information system and points out the existent problems, which is useful to construct our social credit information system. The sixth chapter says how to construct social credit information system with Chinese characteristics from construction of external environment and inner operation. The seventh chapter utilizes social credit information system with Chinese characteristics to reconstruct commercial banks credit crisis precaution flow. The eighth chapter gives a conclusion of this paper. Construction of social credit information system is advanced practice of commercial banks' credit crisis management and an effective method to identify and to take risk precaution against credit crisis. Construction of social credit information system is an inevitable choice to improve credit crisis management.In conclusion, by system analysis, credit crisis management is a complete information controlling flow, so inner and external environment operation is needed to construct our social credit information system to decrease information asymmetry as much as possible so as to realize information symmetry. We also reconstruct commercial banks' credit crisis management flow to effectively take risk precaution against credit crisis.Creative points: commercial banks' credit crisis management is an essential project which is critical to a country's economical stable and development. Many researchers and scholars have done research of this project from the aspects of economics and management. From the angle of asymmetry information and with the support of theories in credit information science, this paper brings a new angle to the study of this project. This paper designs our commercial banks' credit crisis management flow and reconstructs our commercial banks' enterprises credit crisis management system, for commercial bank's credit crisis management, which is meaningful for commercial banks business management.