Preface
With the special support from the National Office of Rectification and Standardization of Market Economic Order, the project of “Enterprises’ International Credit Rating and Promotion” programmed jointly by CIIMC and D&B Corporation of the United States was finally completed. It is undoubtedly an important work to the consummation of the market economic system and the construction of enterprises’ credit system in China, and it will also bring about greatly realistic significance and profoundly historic influence on the construction of a harmonious society.
Harmonious
society must be credit-oriented. An important and essential component of
a credit society is enterprises’ credit. Our Party and government have
been long attaching importance to credit construction. During the recent
years, the construction of social and enterprises’ credit is raised to
an unprecedented height, and it is demanded as a pressing task.
Secretary -General Hu Jintao emphasized during the 22nd Group
Study of the Political Bureau of the Central Committee, “We should
regulate the operational order of the market and consummate the system
of social credit”. Premier of the State Council Wen Jiabao pointed out,
“Speed up the construction of social credit system and lose no time to
establish the information collection system of enterprises and
individuals as well as the reprimand system of losing credit”, “It is
necessary to start from credit construction of major industries,
institutes and enterprises, and then promote gradually; it is necessary
for relevant governmental departments to cooperate with social
institutes closely; and it is necessary to gradually establish and
consummate relevant laws and regulations”. Madam Wu Yi, Vice Premier of
the State Council and head of the National Office of Rectification and
Standardization of Market Economic Order indicated again in September,
2005, “Market economy is credit economy; and honesty and credibility are
the cornerstones of credit economy. In the social market economy, doing
business with honesty and credibility is productivity and
competitiveness. Basic frame and operative mechanism of China’s social
credit system should be set up in about 5 years’ time”.
Madam Wu Yi, Vice Premier of the State Council, Honorary Chairman of Organizing Committee of the World Economic Development Declaration, and head of the National Office of Rectification and Standardization of Market Economic Order，is delivering a keynote speech at the World Economic Development Declaration Conference, advocating “The 21st century should be based on honesty and credibility, thus promoting the advancement of human civilization and providing security for orderly operation of economic and social activities”.
Construction of enterprises’ credit does not just matter a country or a region. It associates with the orderly operation of the whole world’s economy and it relates to whether a country can participate in and develop in the globalized world economic development without being paripherized. Early at the World Economic Development Declaration Conference held in Zhuhai in 2003, Mr. Cheng Siwei, Chairman of the Organizing Committee and Vice Chairman of the Standing Committee of the National People’s Congress, indicated that “Credit is the foundation of enterprises’ existence and development in fierce market competition”, “Enterprise is the theme of economic activity, and construction of enterprises’ credit is the foundation of the construction of a whole social credit system”. It is just the conference which advocated and founded “Credit Alliance of Chinese and Foreign Enterprises”, thus construction of enterprises’ credit was regarded as an important work which is self-determined, self- conscious and self- disciplined. At the “Enterprises’ Credit Forum” of the conference, many leaders and famous experts and scholars at home and abroad made speeches about construction of enterprises’ credit. Mr. Wang Maolin, Vice Chairman of NPC Law Committee and President of CIIMC, said, “Enterprises should participate in the operation of market economy according to the modern credit rules, and always follow credit principles consciously. It should be noticed that credit is the core of capital and the basis of enterprises’ brand”.
Mr. Bo Xilai, Minister of Ministry of Commerce, said, “Honesty and credibility are the basic principles of market economy, and the situation of enterprises’ credit directly associates with the trade order in the market. To promote the construction of enterprises’ credit system means to constrain and regulate the behavior of main market body fundamentally and establish long and effective market supervision system”. Mr. Wang Zhongfu, Director General of the State Administration of Industry and Commerce, said, “The industrial and commercial system of the whole country should focus on the construction of enterprises’ credit system, and establish and implement classified supervision system of enterprises’ credit on the basis of mastering the status of enterprises’ credit in a comprehensive and accurate way”.
Ministry of Commerce, National Development and Reform Commission, State Administration of Industry and Commerce, State-owned Assets Supervision and Administration of the State Council, State Bureau of Quality Supervision, State Drug Administration, General Administration of Press and Publication, State Copyright Bureau, Banking Regulatory Commission, Insurance Regulatory Commission and the Supreme Court, etc, all attach great importance to the construction of enterprises’ credit. Mr. Jiang Zengwei, Director General of The National Office of Rectification and Standardization of Market Economic Order of the State Council and Vice Minister of Ministry of Commerce, said, “The rating index system and rating procedures of enterprises’ credit should be scientific, regulatory, transparent and can withstand the test of time and market, and follow the 3 principles of serving enterprises, independent construction, and obverse praise & reprimand of losing credit”. Mr. Wang Yong, Deputy Director of State-owned Assets Supervision and Administration of the State Council, said, “Construction of enterprises’ credit is an important component of establishing social credit system, as well as one of the point of views of enterprises to make contributions to building a harmonious society”.
Just due to the requirement of such a situation, the need of construction of China’s market economy, and the necessity of international competition, we are determined to carry out enterprises’ international credit rating and promotion with principles of marketization to serve for the economic development and Chinese enterprises participating in international competition, to elevate enterprises’ productivity and competitiveness, as well as to serve for the construction of a harmonious society. In regard to programming of the plan, we adhere to the market economy, international competition, and high-standard construction. Therefore, we join hands with U.S. Dun & Bradstreet Corporation, a famous credit rating institute with the biggest database in the world (having more than 100 million enterprises’ information), to secure accuracy, integrity, timeliness of credit investigation, consistency of interregions, and completeness, objectiveness, fairness, and unity of the rating, so as to be in accord with the international rules and general demands. To be scientific, regulatory, and to withstand the test of time and market are the basic quality standards of the rating and promotion campaign for the credit and rating work. Through this campaign, relevant information and materials of “International Credit Enterprises” will enter the platform of the international database timely, and will be widely used and circulated in the economic communications of the world, thus creating necessary conditions for communication and cooperation between Chinese and foreign enterprises.
Programming of the Enterprises’ International Credit Rating and Promotion Project not only gained great support from the National Office of Rectification and Standardization of Market Economic Order, but also got many constructive suggestions from relevant leaders. We gained a lot, and we will live up to what they expected of us and make efforts to complete relevant tasks. Furthermore, we also gained considerable support from relevant ministries and commissions, industrial associations, as well as relevant experts and scholars. During the process of discussing and verifying the project, they put forward many fine advices and suggestions, which is very good in the consummation of the project. In order to make the project more internationalized, we have also widely consulted various foreign chambers of commerce in China and some famous Chinese and foreign enterprises. While they gave their suggestions, they also anxiously hoped that the project could be carried out soon. All of this not only enabled us to be more confident, but also provided motives for our rating and promotion campaign. We are profoundly grateful.
Implementation of the campaign of Enterprises’ International Credit Rating and Promotion needs our common efforts. We hope that under the leadership of the Party Central Committee and the State Council, as well as the guidance of various governmental departments, we unite and make joint efforts to contribute to the credit construction and international credit construction of Chinese enterprises, and the sustainable development of the Chinese economy.
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