A Study On The Government Supervision Of The Implementation Of The Credit Reporting Policy Of State Owned Commercial Banks

The report of the 20th National Congress of the Communist Party of China pointed out the need to promote the modernization of the national security system and capabilities,resolutely maintain national security and social stability,and focus on the protection of personal information.The Fourth Plenary Session of the 19th Central Committee clearly proposed the need to "improve the long-term mechanism of integrity construction,improve the credit reporting system that covers the entire society,and strengthen the punishment of dishonesty.With the continuous expansion of China’s credit reporting industry,the construction of a credit supervision system that meets China’s credit reporting needs has gradually become an important topic.As a backbone force in the financial field,state-owned commercial banks have been at the core of the national credit reporting industry since their establishment.The financial cornerstone of"credit" is a necessity to promote the healthy operation of financial credit reporting.In recent years,practice has shown that the safe operation of credit reporting business in the financial field urgently requires more comprehensive government supervision.Although credit reporting has developed rapidly in China,due to the relatively late regulation of credit reporting in China compared to European and American countries,coupled with unclear and unclear laws and regulations related to credit reporting in China,limited role of basic databases,and personnel training and allocation issues,there is a phenomenon of emphasizing results over processes in the implementation of existing government regulatory credit reporting policies in the banking industry,neglecting or unable to verify whether the use and collection process of credit reporting information in the banking industry is compliant,This situation directly affects the execution of credit reporting,ultimately leading to insufficient government regulation,and even inaccurate credit reporting data due to the poor connection between financial institutions and national governments on financial credit reporting issues,which in turn affects the normal economic business and life of data collectors.It is difficult to help China’s credit reporting develop towards a more mature direction,especially in the face of the rapid development of the internet economy,Regarding the credit reporting issues currently identified,whether the existing government regulatory system can ensure efficient response and whether it can meet the requirements of online regulatory service transformation needs to be given attention and consideration by the government.This article studies the regulatory issues arising from the government’s implementation of credit reporting policies for state-owned commercial banks,and takes Z Bank,a state-owned commercial bank in S city with a high comprehensive credit rating index,as a representative case among the regulated objects.Through in-depth analysis and exploration of the city level branch specially established due to its large business volume,combined with public product theory,information asymmetry theory,and government regulation theory,literature research method is adopted Using case study and interview methods,based on the perspective of government regulation,this paper briefly elaborates on the existing government supervision methods of state-owned commercial banks in China,the implementation of credit reporting policies for state-owned commercial banks,and the existing problems in government credit reporting supervision.Taking Z Bank,a state-owned commercial bank in S city,as an example,this study analyzes the problems in government supervision of credit reporting for state-owned commercial banks,and summarizes the development process and achievements of China’s government supervision of credit reporting for state-owned commercial banks,It has been pointed out that there are four main problems in China’s government’s credit supervision,including the lack of execution standards,limited methods of credit information screening and supervision,insufficient resources for credit supervision and management,and the lack of regulatory synergy.The main causes are insufficient legal support,the need to strengthen the collection of basic credit data,inadequate talent training and allocation,and the slow progress of the government in promoting industry self-discipline construction.On this basis,this article draws on the beneficial experience of representative government regulatory models for credit reporting in the international community,and combines the actual situation of China’s credit reporting development.It is suggested that the Chinese government,in order to better carry out credit reporting supervision of state-owned commercial banks,should start by formulating a sound institutional framework,emphasizing the leading role of credit reporting vocational education and publicity,developing the construction of an internet credit reporting system,and developing a dual line of government regulation and industry self-discipline,Propose corresponding countermeasures for the future development of China’s government credit supervision towards a more mature and complete stage.