Research On The Disciplinary Mechanism Against Enterprises’ Credit Breaking Based On The Credit Reporting Database From The People’s Bank Of China

Credit plays a vital role in the development of market economy as the success of transactions in the market depends on how the commercial commitments, including agreement and contacts, are carried out. Any parties involved should act according to what they have agreed. Parties in any market activities take reasonable actions based on their expectations about what the counter-party would do. In this way, overall allocation of resource is efficient and maximum of individual benefit can be achieved. One party’s failure to carry out the contact would cause loss to the counter-party. For fear of the loss,the counter-party has to pay extra costs to investigate, to determine whether the transaction is carried on or canceled. In this circumstances, market economy gets obstacle to develop rapidly and healthily.As the current market shows in China, credit situation is not as good as it should be.Many enterprises manufacture and sell fake & inferior products; false advertisements,malicious debt evasion and default are found which have a influence on the economy development and social progress. Attention from the government and academia has been paid to these questions. The discussion on the commercial credit and its construction of system is on the agenda of both 16 thand 17thCPC; the theoretical study of business credit has become a boom. The construction of credit system includes many aspects and punishment system for credit breaking is its basis and premise.Credit breach is not allowed in China and measures to take against dishonest act is available whether it is need to bear criminal responsibility, administrative responsibility or civil liability. In fact, there has been punishment system for credit breaking in economy market. But the existing mechanism is not well-run. If deficiency about this system is found out and analyzed, it can be carried out more effectively.From the point of the operation of the punishment mechanism itself, there should be an efficient and comprehensive credit database as its foundation. This paper pays more attention to the already-existing database and system, which have comparative advantages. Discussions on the business credit are taken to give measures to help improve the credit condition.