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Personal Credit System Construction Research

Posted on:2003-09-23Degree:MasterType:Thesis
Country:ChinaCandidate:H WangFull Text:PDF
GTID:2206360092480566Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Personal credit system has over one hundred-year' s history and now has been the main characteristic of mature market economy. Chinese residents possess eight thousand billion financial assets and stronger consumer ability getting day by day. Government also acts a series of macroeconomic policies in order to stimulate demand and push consumer market. However, because lacking of credit restricts play of macroeconomic policies, contradictory on supply and demand of economic total is still sticking out considerably. Building up perfect personal credit system to stimulate the expanding of consumer market is an urgent matter. Countries developed on credit, such as America, have established fairly perfect personal credit system, thus pushing whole macroeconomy and supplying profitable assets resources for finance institutions. To build up comprehensively personal credit system, others can draw on the experience of developed countries on administrative pattern, legal environment, operation.Written from emergence and development of personal credit system, the paper analyses present developing situation of personal credit system in china, and points out that complete personal credit system will promote development of personal credit consumption and be a important breakthrough to stimulate economy by country.However, limited by historical background of social economy, traditional culture and consumer idea, existing personal credit system in China has many problems. Through "Theory against frugality" and lasting income/life period hypothesis, the paper expounds and proves problems of personal credit system has restrained the development of economy. People must put forward the way, and build up sound system as stabilization and acceleration machine to realizehealthy economic development.China is striding forward in the market economy, therefore, it is urgent important for China to establish the personal credit system meeting with Chinese-character. In the paper, the author suggests that China facing the problems should build up the personal credit system based on its own reality and also with the reference of other countries' successful experiences:1. Build up clear and definite personal credit records;2. Build up scientific credit evaluating system;3. Construct good external environment.
Keywords/Search Tags:personal credit system, personal credit, market economy
PDF Full Text Request
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