The Law Of Market Regulation For The Solid Credit System

The market economy is the credit economy in a certain meaning. The social creditsystem affect on the social economic development and in country under the modernmarket economy term particularly. The social credit system in our country growth lowlyfor many factors, such as history and etc. The social credit management system is too notsound, lacking to the behavioral and valid stipulation in every kind of bargain in market,make certain credit disorder inside the scope or credit be lack of.The credit includes Fiscal Credit, Public Credit, Business Credit, Cosumer Credit,Bank Credit, Investment Credit, Merchandise Credit.The social credit system in a credit country includes four key elements:the creditlegislation, the credit data, the credit institution and the credit education. Seeing fromcurrent circumstance in our country, We have any achievement in the aspects of creditlegislation on the credit management. The credit institutions are not independent. Thereare lack of supervision and administration on the credit. The credit management educationof the our country wether in the long-term education or all extremely lack in theshort-term training. To accelerate the credit management education of the our country isalready urgent.The social credit system is the basic guarantee for our country economy towards thematurity direction to develop healthy. The purpose of establishing the social credit systemis for our establishment of a kind of new" rules of the game", This kind of rule consist in assurance of the credit trade. The social credit system will push forward completely in thelaw, professional service, education. It will make positive public finance in governmentpolicy double shown results. Rebuild the social credit is important and profound to ourcountry.Developments of the law system is the guarantee for the social credit system and itsmanagement system. There are17law on credit management of America. The CreditControl Act has been abolished. The other16items include Fair Debt Collection PracticeAct, Fair Credit Reporting Act, Equal Credit Opportunity Act, Fair Credit Billing Act,Truth in Lending Act, Credit Card Issuance Act, Fair Credit and Charge Card DisclosureAct, Electronic Fund Transfer Act, Depository Institutions Deregulation and MonetaryControl Act, Garn-St Germain Depository Institution Act, Competitive Equality BankingAct, Home Mortgage Disclosure Act, Home Equity Loan Consumer Protection Act,Financial Institutions Reform, Recovery, and Enforcement Act, Community ReinvestmentAct, Credit Repair Organization Act.The law of market regulation is very important to the social credit. It includesdefinition of and measures against unfair competition, definition and regulation ofcompetition restriction, definition and regulation of illegal monopoly. The marketregulation definit the general rights and obligations of the market participants. The marketparticipants include investors, firms, laborers, consumers and intermediary serviceangencies. The law of market regulation on the credit include:(1) the conditions and waysof market access and the conditions ways and remedies for the withdrawal from the market；(2)the basic rules of market competition；(3)the manufacturer’s and seller’sresponsibilities as to the product quality；(4)the system and basic measures of productquality control；(5)the market participants’duties to the consumer；(6)the basic measureson the regulation of market information and the basic requirements on the marketinformation guidance；(7)the service scope of intermediary service angencies.There are some choices for the social credit system:(1)Reregulation and deregulation.We should limit the power of the government；(2)The regulation to government snd tomarket；(3)The regulation integrate and the regulation different；(4)The purpose of themarket order and the purpose of the balance between supply and requirement.The mercantile agency (or someone calls credit service)is used as whole a core forsocial credit system, should be the point of the rules system. Aim at first the enquirycorpus make the appropriate mode choice. According to our country of present condition,should be gained confidence by private capital the mode of the organization predominance,more benefit in development that enquiry industry. To rules system corpus that gainconfidence industry should from administration and non-administration, the administrationrules system is namely the government to the direct that enquiry industry managementorganization, non-administration rules system namely profession association. The rulessystem object that gain confidence the industry includes primarily the profession of theenquiry corpus allows into and withdraw, gain confidence the legitimacy of the contentsand gain confidence the behavioral and proper. In application that gain confidence theindustry rules system means primarily contain positive rules system and negative rules system, rigid rules system and flexibility rules system, encourage the sex rules systempunish with the sex rules system, self-discipline rules system and heteronomy rulessystem, unite rules system with alone rules system. The law duty system of the enquiryindustry is main from civil case duty, administration duty, pertaining to crime duty andsocial duty composings.The gengeral legal responsibilities include civil responsibility, administrativeresponsibility and criminal legal responsibility. For the moment, we need a new type oflegal responsibility. I think that is social responsibility. The four types of responsibilitiesregulate the rules according to which lagal responsibility is imposed on the marketparticipants, gonvernemnt, mercantile agency, and the non-govermental publicorganizations.