The Studies On The Mechanism Of Government Supervision Among Private Credit Reporting Institutions

Private credit institutions in China are still in the primary stage of carrying out individual credit reporting business.The government supervises private credit reporting institutions in order to regulate their operation,reduce financial risks,and ensure the coordinated cooperation and orderly development of private credit reporting institutions.The research on the government supervision mechanism of private credit institutions will help to remedy and improve the deficiencies in the forms,ways and means of government supervision of private credit institutions.This paper attempts to analyze the current situation and problems of the government supervision mechanism of private credit institutions,and to explore the countermeasures and suggestions for optimizing the government supervision mechanism,so as to improve the government's supervision ability and efficiency,aiming to reduce various risks of private credit institutions effectively and promote the healthy development of the personal credit industry in China."Credit investigation" represents the whole process of credit investigation,which can be divided into individual credit investigation and enterprise credit investigation.Private credit reporting institutions are established by private capital to carry out credit reporting business.On the basis of system construction,government supervision mechanism coordinates the relationship among various parts by supervising and guiding mechanism,so that each part can coordinate operation and play a synergistic role.After studying the current supervision system of private credit agencies in China,it is clear that the government supervision mechanism of private credit agencies includes supervision forms,ways and means.The form of government supervision of private credit bureaus in China is public supervision in which public sector play their regulatory functions;the way of supervision is to establish credit bureaus and formulate a series of regulatory standards;the main means of supervision are on-site supervision and off-site supervision.Case analysis and questionnaire survey show that in the form of supervision,the lack of central authorization and resources of local governments leads to the failure of supervision functions.In the way of supervision,due to the insufficient coverage of the current system to private credit agencies,there is a problem of imperfect supervision basis.The means of supervision are inefficient under the continuous innovation of private credit agencies and fail to achieve dynamic supervision.To improve the government supervision mechanism of private credit reporting institutions,we should start from the following three aspects: First,the form of supervision.Local governments need to obtain appropriate supervision powers from the central authorities and more abundant supervision resources to exert their supervision functions by dividing the supervision powers of central and local governments rationally.Second,way of supervision.The current supervision standards need to be further implemented,through taking the unique nature of credit reporting institutions into consideration,attaching importance to information security supervision,refining system regulations,and improving supervision content and standards.Third,the supervision means,which should first optimize existing on-site and off-site supervision means,give full play to the role of on-site and off-site supervision,and innovate continuously according to the Internet technology background of private credit reporting institutions,and then use scientific and technological means to achieve dynamic supervision.