Analysis Of The Peasant Household Credit Legal System Under The Background Of Promoting Rural Consumer Credit Market

There is a vast consumer market in China’s rural areas. If we can develop the consumercredit market in these areas effectively, not only can it help to promote the consumer demandin rural areas and further expand the domestic demand, but also it can effectively stimulate thedevelopment of the rural economic and increase the income of rural residents. To promotingthe rural consumer credit market’s development, the government and banks have takenvarious measures on it in recent years. However, the rural consumer credit market’sdevelopment in our country is still very slow, for there is no perfect legal system as aguarantee to regulate peasant household credit. The Eighteenth National Congress of the CPCalso proposed that we should devoted to balance the development in urban and rural area,strengthen the comprehensive reform in rural area, promote the construction of new socialistcountryside, and promote the innovation and reform of the rural financial system. To serve theconstruction of new socialist countryside better, we should, in the process of the constructionof it, emancipate the mind and be innovative and pragmatic to further promote theconstruction of the rural credit system and create good credit environment in rural area in newperiod. And establishing peasant household credit legal system is very important in theconstruction of the rural credit system. After a year of preparing, the State Council carried outCredit Management Act on December26,2012, which has an extraordinary significance forChina’s credit industry. However, peasant household credit legal system is different fromother credit legal system as in construction, basic content, credit institutions and basicprinciples because of the particularity of peasant household credit. The management methodon the peasant household loan carried out in2013proposed to strengthen the managementabout peasant household loan’s risk and conduct due diligence on the peasant household whoneed to loan, which puts forward higher requirement for the legal system of the peasanthousehold credit. Therefore, it is necessary to further study the peasant household credit legalsystem under the background of promoting rural consumer credit market.This article will firstly introduce the basic conception and legislative principles of thepeasant household credit legal system. And then it will analysis the present situation andproblems of the peasant household credit legal system. After that, by studying foreign peasanthousehold credit legal system, this article will conclude the experiences form them to improve our peasant household credit legal system. And finally, this article will further offer somespecific recommendations to improve our peasant household credit legal system. In additionto the introduction and the conclusion, this article is specifically divided into four parts.The first part of this article introduces the related conception about peasant householdcredit and put forward that improving of the peasant household credit legal system isimportant to promote the rural consumer credit. Meanwhile, it gives the basic principles toimprove China’s peasant household credit legal system, which sets directional and principlerequirements for establishing the peasant household credit legal system. at the same time, thispart also inspects present situation about China’s peasant household credit under thebackground of rural consumer credit market.The second part of this article summarizes the specific provisions about China’s peasanthousehold credit legal system, and analysis the problems and inadequacy of our peasanthousehold credit legal system, and finally finds out a breakthrough to improve China’speasant household credit legal system.The third part of this article studies foreign legislative practice of the consumer creditlegal system, and refines the core of their system, and concludes experiences and gives somesuggestions to improve our peasant household credit legal system.On the basic of the second and third of this article, the fourth part of this article putsforward specific recommendations to improve China’s peasant household credit legal systemunder the background of promoting rural consumer credit market from three aspects, namely,the agent of the peasant household credit, the behavior of the peasant household credit, andthe liability of the peasant household credit.