Social Credit Legal System

Social credit is the basic premise of security for the smooth development of themarket economy. It is essential to maintain market trading chain. As a kind of socialcapital can bring economic benefits, the level of credit market determines the amount oftransaction costs enhances the economic benefits of society and plays an important roleto achieve the virtuous cycle economy of market. At present,.At present, the social trustof China has fallen below the bottom line of60points. The credit question is a majorproblem in the development of China’s reality. Due to the form of society’stransformation, people are gradually from the social acquaintances, and the originalpattern of trust has been changed. At the same time, the imperfection of social marketeconomy in transition, and the inadequate or nonelection of laws and regulations, havecontributed to the decline of social trust.Maintaining credit rely mainly on people’s inner moral constraints, theself-discipline regulation of market and legal regulation. Relying solely on moralself-discipline, self-regulating market are difficult which means the members of thecommunity should compliance with the credit and the overall level of social creditimprove to the ideal. To improve the level of social credit, the general characteristics ofsocial credit and the legal system of social credit must be analyzed, and using theexperience of developed countries for the construction of legal system of social credit,from the personal credit legal system construction and development of the personalcredit system two aspects to perfect the personal credit legal system. From legislation toperfect enterprise credit system, improve the enterprise credit punishment mechanismand establish internal credit management system facing the enterprise credit legalsystem is perfected. From the legal system of government credit construction andregulation of the social credit system, make the government credit legal system more complete. In order to from the system level solves the problem of social credit. From theinstitutional, legal and management mechanism, reduce the risk of trust, and rebuildsocial credit.