Study On The Construction Of Internet Financial Credit Reporting System In China

Undoubtedly,modern economy is the credit economy,the credit system has become an indispensable force to maintain a stable economic environment.The construction of credit information system is the basic content of constructing social credit system,and the community pays more and more attention to the construction of the credit system.Credit system has become an important infrastructure for the development of market economy.These activities can promote the whole society to form a good credit environment of spontaneous praise and trustworthy,while alleviating dishonesty penalty and reduce the degree of information asymmetry.Internet finance can be seen as the Internet and finance mutual absorption and integration,mainly includes two forms:First,the Internet companies involved in the financial industry;second,the traditional financial industry of the internet.No matter how the form of Internet banking is fundamentally financial,its essential property is still financing.The Internet technology has changed the way the original financial operations,but its financial nature has not changed.Therefore,in the process of the development of Internet finance in time to prevent financial risks,the risk management and prevention of financial risks control is the priority among priorities,and credit is an important means of preventing financial risks and protect the interests of investors.This feature of the Internet banking business model determines its needs for the Internet financial credit system is particularly urgent,only a sound credit system is the foundation for the long-term development of Internet finance solid.Currently,the central bank credit information system is mainly collect personal and corporate credit transaction records,such as credit card limits,loan balances,repayment conditions,etc..At the same time,the system collects some non-financial information,such as business and personal tax payment,social security,housing provident fund information,the court and the enforcement of public information,as well as the administrative licensing and punishment information and other non bank information.In short,the bank credit information is the main information.The Public sector data collection is not too much and the central bank credit reporting system based on data collected by the development of credit reports do not have too many application scenarios.Intemet financial credit agencies use big data technology can be collected to a more diverse,more multi-dimensional data,so that the main body of credit to understand the borrower's credit status and credit history.Internet finance as a new financial model for the market economy has injected vitality,opportunities,and reshape the financial sector competition.At the same time,Internet finance has Pratt and Whitney,it can serve the traditional financial sector reluctant to serve that part of the disadvantaged groups,to solve the troubled real estate's financing difficulties.A case study of P2P net loan industry in China.In 2016,P2P net loan industry annual turnover of 283 billion dollars.As of the end of 2016 the number P2P platform nationwide the normal operation of the remaining 1625,the cumulative platform 3201,because of information asymmetry caused out of control the credit risk of the borrower,causing many platforms appear payment crisis,about 1875 platform business and run away,and only in 2016,1106 on the new platform.Similarly,the third party payment crisis,raise fraud and illegal such events have occurred in the country,which means that the security of the platform,the risk is an urgent problem,effective ways to solve is the establishment of the Internet financial credit system in our country.Compared with the foreign credit industry,the development of domestic credit industry is lagging behind,the level of supervision needs to be improved.In order to eliminate the adverse factors in the process of Internet financial development,we should pay close attention to the establishment of China's Internet financial credit system.This paper mainly studies the domestic traditional central bank credit mode and Internet financial credit development situation,and after analyzing the advantages and disadvantages of foreign credit model in contrast,give full play to the association of Internet financial industry leader,bigger and stronger Internet financial industry credit information sharing platform,and ultimately establish a national Internet financial sector credit system.