Research On Market Participants' Credit Supervision System Under The Background Of “Easy Entrance And Strict Supervision”

On Oct. 25 th, 2013, the State Council issued “the reform of registered capital registration system”, subsequently, the Standing Committee of the National People's Congress and the State Council respectively modified the Company Law and the Regulations Governing the Registration of Companies, as a result, China's new commercial registration system reform of the full swing, where the focus are to reform its registered capital registration, cancel advanced license examination and approval, implement company annual report system, perfect credit system, and so on. This reform aims to make market participants easier to enter the market and activate market, consummate the social credit restraint mechanism and transform the forms of supervision from “strict entrance and easy supervision” to “easy entrance and strict supervision”. However, it is easier to enter, on the opposite to supervise, especially in turn, “strict supervision” behind “easy entrance”, it makes market participants' credit supervision system faced many unprecedented challenges under the background of “easy entrance and strict supervision”, if these problems were not solved, it would not be strict supervised and the reform of “easy entrance” also makes the bad endings. In all, “strict supervision” after “easy entrance” is the major issue to build market participants' credit supervision system under the background of “easy entrance and strict supervision”.This paper is divided into three parts besides the “introduction” and the “conclusion”:The first part: the concept of “easy entrance and strict supervision” and its challenges to market participants' credit supervision system. This part mainly expounds the main content in new commercial registration system reform dominated by the state council, and the reform brings the effect, the new problems and new challenges to the existing market participants' credit supervision system.The second part: the conception of market participants' credit supervision system under the background of “easy entrance and strict supervision”. Firstly, this part reveals the essence of this round of commercial registration system reform with that the transform the forms of supervision from “strict entrance and easy supervision” to “easy entrance and strict supervision” is to adjust the relationship between government and market. Therefore, the role and function of government and market should be relocated to build market participants' credit supervision system under the background of “easy entrance and strict supervision”. Furthermore, this part analysis several successful credit regulatory model in foreign countries and screens out one credit regulatory model which is suitable for our national situation to provide a valuable reference to build market participants' credit supervision system under the background of “easy entrance and strict supervision”.The third part: the micro design of market participants' credit supervision system under the background of “easy entrance and strict supervision”. At first, this part puts forward the market participants' credit supervision system under the background of “easy entrance and strict supervision” with what should be a set of credit reporting, credit evaluating, credit using three big system as one of the letter credit supervision system, through adjusting the relationship between government and market, moreover, this paper makes clear that the government and market should play the role of their own in three big systems to make the three credit systems worked together. On this basis, this part also provides perfect suggestion in the part of information sharing mechanism, regulatory responsibilities distribution and credit supervision legislation to make the market participants' credit supervision system under the background of “easy entrance and strict supervision” can be more perfect and guarantee the smooth completion of this commercial registration system reform and economy running.