Study On The Company’s Assets Credit Legal Issues

The word "Credit" plays a more and more important role in today’s economic activity from personal credit at the beginning to company’s credit. In the modern economy, Credit has been one of the intangible property. A company’s credit level can be evaluated in many ways, in which the company’s assets credit has become the most important model for credit evaluation.This paper explains the company’s assets credit legal issues, consisting of four parts. The first part summarizes assets credit,including definition,historical background, characteristic,importance and significance.The company’s assets credit represents a company’s assets and liabilities condition generated from the balance sheet in order to evaluate a company’s credit trustThe features of the company’s assets credit as follows:assets credit is a dynamic model;Its high requirements for accuracy of information^ contains more abundant information.Make a general view of the development of assets credit, it was concealed by the light of capital credit at first place; while with the development of economy, the disadvantage of capital credit is increasingly unable to meet the current economic situation. Especially since the implementation of Company Law of the People’s Republic of China in 2014, the credit evaluation system for capital credit has become an irresistible trend. The second part gives a brief introduction to the model of asset credit system in US, Germany and Japan. We can see from the model of asset credit system in US, Germany and Japan that these mature systems have possessed mature operation environment, perfect management mechanism and corresponding perfect legal restriction mechanism, which is an important environment for the development and mature of credit evaluation system. The third and fourth part give a brief analysis of the current credit evaluation system situation in China and points out existing problems. First of all, credit information market is inactivity. Next, government’s regulatory system on assets credit is not so perfect. It is mainly characterized by imperfect company annual publicity system, as well as closed and hysteretic asset information in China. Last, imperfect assets credit system may lead to low protection degree to creditor. Regarding the above problems, this paper suggests (1) Promote the development of credit market; (2) enhancing the government intervention on the management of credit assets to perfect company annual publicity system and asset information flow system; (3) once again protecting the rights of creditors under assets credit system.