Credit Institution Evolution And Perfection Of The Credit System

Credit is the cornerstone of human civilization and the ethical basis of socialharmony development. In modern society, credit has become the most fundamentalsocial relations, at the same time, the most direct economic, the most important legaland the fundamental ethical relations. Despite the development of modern marketeconomy has promoted the uplift of credit, but it is far more than the product ofmodern society. It shows different types, whose origin and history are as old as humanbeings. Therefore, the credit system is a historical category, being various forms indifferent historical periods as well as in different stages of development productivity.The credit institution is the inevitable result of credit evolution. To understand thecurrent social credit institution, the lack of credit, the building of the credit system andso on, we should understand and grasp the evolution and development of the creditinstitution. This paper will explore the credit institution changing process of humanbeings from ethical credit to the evolution of the credit contract on the basis of thehistory, evolution, and institutional economics etc.China is a country with thousands of years’ ancient civilization, where credit asan important part of Chinese traditional culture is the core of moral education as wellas an important component of moral character of Chinese nation. As China’s marketeconomy continues improving, how to perfect the market economy of the creditinstitution will become an significant and urgent task of the country’s political,economic, social and cultural life. Report of the Seventeenth Party Congress clearlystated the strategic task named "a sound social credit system". In today’s economicglobalization and highly-developed market, a sound social credit system will play acrucial role in the perfection of China’s market economy and the building of aharmonious society. It also has far-reaching significance for China’s integration intothe world economy and the trend of civilization. Therefore, as for a range of badcredit problems on the market and the imperfection of the current credit system, thispaper will mainly use a combination of the historical and comparative analysis, aswell as the method of documentation to explore the evolution process of creditinstitution and study how to perfect our credit system, so that we can find some waysto improve the system.