| Credit is key to maintain normal social economic relations . The corporate and personal credit is the foundation of the whole society credit. The way building up the corporate and personal credit system is the process which regulates the people's actions. The process is of great importance to development of credit market, foundation of good market, and Building of a harmonious society. From the financial point of view: The credit system can reduce the bad loans of the commercial banks , defuse financial risks, maintain financial stability, improve operational efficiency and enhance international competitiveness. From the economic point of view: The credit system can promote consumption and the healthy growth of consumer credit, Ease the difficult of SME lending, improve the structure of economic growth and promote sustained and healthe economic growth.From the social point of view, the credit system can help people to raise awareness of the integrity in the whole society.However, in our country , credit loss is extremely serious, and it directly embrrasses the advancement of economy. in recently years, building up the corporate and personal credit system has become an urgent demand of developing the credit economy and establishing the state credit system.The credit system is a complex and systematic work, which concerns many department in a wide range. The auther understands broadly China's credit system construction of the existing building and foreign credit industry experience. The paper researchs the development of Hebi's credit status. The thesis takes the credit system of Heibi as the practical analysis. It described China's credit history and credit information of system building as a whole. From the economics angle and use new viewpoints and methods, the author put forward credit information industry as an infrastructure in the transition to a market economy in China . The Government should bear the responsibilities.Lastly, The author proposals some feasibility recommendations.The main elements In this paper: China's credit system construction is in the initial stage.We must understand correctly the nature of credit system at first, formulate a scientific and overall plan for based on the nature of credit system, set of its organization reasonablly, and cultivating a good environmentof credit information, legal and modern credit culture.Articles analysis deeply the main problems of China's credit system construction :1) The conditions of credit: First, Credit industry has great potential in China. Credit market will be greater because of the increase of loan; Second, Taking into account the structure of the loan market and financial institutions with highly centralized government strong color decision , credit industry can't arise spontaneously from the market. The Government's must play an important role in credit system construction. Third, various types of credit intermediaries mercenary pursuit of demands , short-term effect and lack of credibility. Even if the law allowed, market-oriented institutions also is difficult to collect data. It is impossible to form a huge database. Forth, while the Credit information system in the early, if there is no direct government participation in data collection, It will lack of the basis for the development of the credit system . Fifth, It is not able to bear that China's credit system construction of the investment scale and duration of the private sector.2) Credit information databases and credit products: many people discuss the scale of credit information database. At present, There is a view that various departments to create multiple databases. The main isn't clear who will build up the database. Credit institutions to provide products of different levels. It be confused that Credit database constructing and providing credit products. The management of government departments on credit is serious absence and dislocation.3) Credit information environment:There is different on the electronic of credit information in our country. The credit information lag standardization, fragment significantly and the information asymmetry Seriously. Most of China's credit information be held in government departments and utilities. There has formed a special sector credit system in China. some local governments are establishing regional credit system. Forthmore ,there is many different types of credi intermediaries coupled with the community .It has formed a 3 Class of different types of credit system. In addition, the three main types of systems are not compatible, lack of co-ordination, information different entitlements, the technical standards are not unified, forming a "islands of information."4) Credit laws and regulations:There is no one law or regulation to provide direct credit activities on the basis of information collection. There is no rule to follow processing, handling, disclosure of the key areas.5) The building of a modern credit culture: The traditional credit cultureand the credit system is broken. The new credit culture and credit system has not yet been established. The social credit relations is very weak whether business or personaln.There is a general point that there is lack of the credit awareness and moral values under the conditions of the modern market economy.There is the popular in loss of credit.This study concluded: Papers analysis the credit system problem with the theoretical of the economics of the construction.the papers think the credit system construction is one of our country's infrastructure. It is a quasi-public goods. Credit supply system is more favourable if they unit the Government with the marketing and personal.On this base,the author gives policy recommendations on positioning ,organizations, institutions, environment, laws and cultural of credit system.1)Position of Credit system. Credit system is the core in the China's social. The system's main function is to resolve the problem of information asymmetry in the credit market. The system can improve information sharing in the credit market,and reduce the costs of collect information ,and improve the efficiency of credit markets ,and guard against financial risks , and promote the economic growth ,and formate sound economic and social environment.2) Planning of the credit system construction. The system formatation is fit for the joint government departments promoting and vigorously support. Credit model is that the Government should establish and control data source,and master credit fundamentals. Private sector is the fruits of the datebase. They cooperate as well as partnership between the two departments. The government departments should strengthen credit management, prevent monopoly,unfair competition and abuse of data.3) Organizations of the credit system .There will form gradually organization with three levels: The first level is the government departments master the credit information databases with national network and rich data. The second level is a handful of comprehensive national credit agencies.The third level is many of the Service credit companies that offer value-added services. There form the credit system with division, market competition, operating efficiently.4) Environment of credit information. Credit information environment is the use of standard building methods of production.5) Laws of the Credit system. It is necessary to promulgate laws. Should be set up reasonable legislative order ,and clear legislative adjustment credit targets, and handle credit legislation in six aspects of the relations.6)Culture of the credit system. we must strengthen to popularize the knowledge of education and publicity on the credit system. we must foster all kinds of credit culture... |
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