Research On The Credit Supervision Of The Market Players In The View Of Polycentric Governance Theory

In the course of the development of China’s socialist market economy,the construction of credit system of market players is one of the most important system guarantee of market economy,and at the same time,the credit throughout the market throughout the transaction process,so that is the cornerstone of the market economy.Good credit to the main market players will have lasting competitiveness,but the lack of credit could lead to a series of problems,such as reduce the credibility of the market players and increase transaction costs which in turn hinders the development of market players themselves.At present,China lacks effective supervision over the credit of market players lead to frequent acts of dishonesty,also become economic development of a “time bomb” and will always threatening the smooth and orderly development of China’s economy.Existing problems of the market players’ credit supervision were analyzed in this paper,basing on Chinese present market credit status and its governance,by research results in recent years,domestic and foreign scholars.five aspects including the development of credit is unbalanced,laws and regulations are imperfect,government regulation dislocation,credit system construction lagging behind,data exchange and lack of standardization of information,were concluded as major issues in presence.It also analyzes the harm caused by lack of credit and the resulting lack of credit reasons.In this paper,polycentric governance theory to explore the new market credit regulation,that is,the government,market players,third-party organizations and social supervision and other forces to participate in collaborative management of credit regulation of the new approach,abandon the current government-based supervision model,the literature research,and comparative research methods such as the main,analysis on the necessity and feasibility of the credit market players polycentric governance,respectively,the United States,the European Union,Japan,represented by three different types of credit regulatory development process,learn from foreign experience and lessons then combined with China’s reality to put forward the polycentric governance countermeasure of the market players credit supervision in china.The Countermeasures to improve supervision of the market players credit should be required government departments to change roles,unified regulatory authorities should establish and improve the relevant rules and regulations,standardized the services of credit related organizations,founded the implementation of credit rating system,Strengthened selfsupervision,reformed of trade association system,promoted research institutions docking reality,got in the introduction of the public and public opinion,cultivated credit culture.That will be suggested for better the market players’ credit supervision in China.