Research On The Construction Of Social Credit System For Financial Service To Medium And Small Micro-Enterprise

As the reform and opening deepens, China’s economy has developed fast and keeps a trend of rapid growth. In2010, China’GDP was more than Japan to become the second-largest economy in the world. Meanwhile, the numerous medium and small micro-enterprise has become the main force of social employment, and promoting social stability, creating material and spiritual wealth. In recent years, the number of medium and small micro-enterprise increased sharply, economy amount continued to expand, and the will of structural adjustment and upgrading is more and more stronger. However, the difficulty of financing has been the prominent problem which obstructed its development in the long-term. As an entry point, this article elaborate that the construction of social credit system is an efficient way to solve the problem. As a social mechanism, social credit system consists of five parts, including the social credit institution-system, the industry service-system, the social credit activity-system, the credit supervision-system, penalty and bonus mechanism. Based on legal and ethical, by the function of recording, disclosure, transmission, and early warning of social behavior, it can play a role of disciplining the ones who break their faith and rewarding the promise keeper, Thereby creating a social environment of honest, self-discipline, trustworthy and mutual faith, and which can primarily eliminate the financial institutions’ worry about risks on cooperates, and finally improve the financial situation for medium and small micro-enterprise.JN County of Kunming is one of the counties which takes the lead in carrying out the construction of social credit system in Yunnan province. The county government attaches great importance to it. They made a4-years plan for construction and regarded it as the main task in recent years. This article takes JN County as a case of study and makes in-depth analysis. On reality of JN County and the current working situation of the social credit system, this article pointed out the problems and put forward relevant countermeasures and suggestions. Thus provide the theory for reference for the local government, financial institutions and the medium and small micro-enterprise to promote economic construction, and realize common development.