Contemporary Ethical Examination Of The Credit System Of China’s Financial Industry

Recently, the financial credit issue, which concerned as a big event,has always been focused on by both academic and social groups all over the world. As the vigorous developing of financial industry, the report of18 th CPC National Congress has put forward the issue of the credit construction again. Therefore, the importance of the construction of financial credit system has been pushed to a new level.And among all issues, the institutionalization of fincial credit is the key point that been widely studied of. However, in the present studies, the accordance of system formation and ethical spirit has seldomly been concerned. Based on the ethical perspective, this paper analysis the current status of China’s financial credit system. This paper finds that the ethical spirit is accorded with the credit system to some extent and presents some flaws. And it also analysis the foming of flaws are resulted from both history and system problems. Finally, this paper put forward some relevant advices and reponds to improve the China’s financial credit system and constraints of financial dishonesty. Therefore, people might achieve self credit requirement of moral pursuit through institutional guidance and restraince eventually.The first part of this paper introduces some relevant notions of financial credit system and explains the establishment of it is based on ethnics aspects. It also explains the necessity of improving the financial credit system from both theoretical basis and practical basis from the ethnics. The theoretical basis is based on the importance and necessity ofthe virtues of honesty while the practical basis is more focused on the singnificant of credit to market economy and the current status of financial dishonesty.The current status of China’s financial credit system have been analysed in the second part of the paper. The constitution of current financial credit system has first been introduced and the analysing of the system which accord with moral spirit has been presented as well.Furthermore, there are still drawbacks in the current credit system such as unfairness formation, lack of constriction, focus on short-term interests and ignore the importance of moral integrity and the value rationality,internal conflict, and new problems brought by new products. Finally, the causes of these defects are discussed.Aiming at the flaws that been in the second part, the third part of this artical proposes effective and efficient measures and suggestions. These proposals mainly include helping the establishment of theory and improving the accomplishment of the system. The establishment of theory contains strengthen the justice of the system setting, and pay attention to both instrumental reason and value rationality. And regarding to the accomplishment of the system, the adjustment of the existing unfair terms, improvement of the legal system and promotion of other related credit institutions are put forward.