The Development Model Of Personal Credit Bureaus

The credit level of the market affects the health of the financial development. And affecting the credit level is not only enterprise credit, but also personal credit. In the 1980 s, the personal credit system of our country had just begun. And it was not until 2015 that personal credit reporting began to marketize. But the development process is too slow to t satisfy the demand of the market. This paper tries to explore the pattern of personal credit bureaus that which suits our country. And analyzing the characteristics and the problems of personal credit corporations, in order to put forward some suggestions for the development of personal credit system.The paper analyzes what factors affect the choice of the pattern of personal credit system from the macro-level firstly. And then analyzing the operating characteristics of different pattern of personal credit system from the micro-level by comparing Zhima Credit with Credit Reference Center. And then combining with the actual situation of our country and international experience to explore what pattern of personal credit bureaus suits our country. Based upon study, it is better to combine public credit and private credit, while the private credit system is a supplement. Lastly, this paper puts forward that when the marketization of personal credit in the mature stage, the database will exist and administered by the credit reference center, but personal credit reference center will be auxiliary but not dominating.