The Research Of Chinese Personal Credit Legal System

With the rapid development of modern market economy, the credit expanses and develops with the expansion of trade and currency. To a large extent, the market economy is the credit economy. But in China, the absence of special legal norms about personal credit leads the collection of personal credit information and the assessment of personal credit to be back of the basis of law and regulations. Therefore, the credit crisis appears in the field of market economy. It blocks the healthy development of socialist market economy in our country. To eliminate the fundamental causes of the credit crisis, the construction of personal credit legal system has become imperative.Personal credit legal system is combined by a series of law and regulations which are made and implemented by the country and are used for the supervision, management and protection of the healthy development of personal credit. The code of personal credit legal system is the right of personal credit. The value of personal credit legal system is to prove, explain and examine personal credit, and through the system it can regulate personal credit activities and behavior of the parties and raise the awareness of compliance in order to establish a good market economy order. The construction of personal credit legal system not only contributes to improve our socialist market economic system and the socialist legal system in order to speed up the process rule of law, but also contributes to the establishment and improvement of relevant systems, and finally to establish a good credit culture in the whole society and finally promote socialist harmonious society.In China, personal credit legal system has gone through three stages of development, including the beginning stage of the early20th century, the initial stage of the late20th century and the rapid development stage of the early21st century. After the three development stages, to a certain extent, the personal credit legal system closing to the situation of our country has taken shape. However, it is not perfect in many places and there are many problems. For example, it include the absence of the complete law and regulations about personal credit, the absence of sound personal credit rules and regulations, the absence of legal system of the disclosure and protection of personal credit information, the absence of legal provisions about personal credit industry management, the absence of disciplinary mechanisms to dishonesty, the absence of legal provisions of the protection to the right of personal credit and personal privacy, and so on.The current state of development of our personal credit legal system is very similar to the state of American personal credit legal system in the sixties and seventies. It provides a good reference for our construction of personal credit legal system. In this regard, we should learn from American personal credit legal system and from the actual situation in China, we will establish legal system about the collection of personal credit information, the scoring of personal credit, the disclosure of personal credit information and the protection to the right of personal credit and privacy. According to this, I hope it will construct a sound personal credit legal system in our country.