The Experience of Credit System Establishment
in the International Community
The major developed countries in the world have built up relatively perfect social credit system through their practice of nearly 200 years, which provides beneficial experience to our country in establishing and improving the social credit system.
III. The inspiration to our country from the establishment of international social credit system
Our country is in the stage of market economic transition. Enterprises credit system is still in the bud stage with low entrance threshold, over-numbered enterprises and lack of large companies who are powerful enough to set up national investigation network. Enterprises are too unconscious to aware of avoiding risk through credit investigation. Most of them even repulse credit investigation. The government statistics and declaration system is not completed, information is not broadly publicized with outdated techniques. Comparison this situation with international social credit system as for a reference is an important inspiration for our country.
a. To insist on market-oriented method. Credit industry is led by civil organizations in international society. The experience in China also indicates that credit industry led by government will result in less responsibility and obligation and bring problems about independence, objectiveness and justice because of benefits confusion. In addition, credit industry is not similar with other economic supporting service industries such like law office and accounting firm in the field of social economy. Market-oriented commercial structure will be equipped with essential motivation to maintain justice. Comparing with civil society, the responsibility and function of government would rather concentrate on fulfilling governmental information publicity system, enhancing social credit consciousness, cultivating people of credit ability, making policies, setting up basis of credit development and creating cultural atmosphere. In the process of promoting enterprises credit system establishment, governmental departments should not undertake commercial credit activities.
b. To support credit industry by setting up encouraging policies. From the view of microeconomic, the establishment of enterprises credit system reflects evading credit risk and advancing credit policies, while from the view of macroeconomic, it reflects enhancing national wealth and prosperity, decreasing loss and pursuing general stability and balance of national economy. Therefore, for the development of a whole industry, the country should not stand aside and watch without action. She should properly adopt a supporting strategy in the aspect of financing and policy to hasten the steps of establishing enterprises credit system.
c. To track the rail of integration. Credit industry distinctly possesses the characteristics of intelligence intensive and experience accumulative. An authoritative credit enterprise recognized by international market must have the support of experts, professional experience, database and networks. The credit enterprises in our country are in the position of regional management and decentralized operation, still far away from the road of national operation and large-scale operation. It will help promote a Chinese D&B from the market if our country guides them appropriately.
d. To merge foreign resources appropriately. There are abundant cultural factors implicated inside of credit. The oriental people incline to be connotative and to concern about interpersonal relationship. It is not easy for them to open their minds to strangers. So-called, when you meet a person, talk with him just for a short while and do not throw away an entire piece of your mind. They can not adapt themselves to the international economic exchange. So it is of great significance to attract foreign credit enterprises, to encourage and to strengthen the cooperation of capital, technology, and human resource between domestic and foreign companies. And it is also necessary to provide financing support for equipment purchasing, employee training and database creating, and to setup a credit enterprises system with domestic capital as primary and foreign capital as assistance.
Based on this situation, enterprises’ international credit rating and promotion activity starts from the alliance with D&B, the largest credit corporation in the world. The purpose is to develop the international credit system of our country to be capable of entry the global market. Thus necessary requirement can be achieved for our enterprises to participate in international competition.
http://www.ciimc.com
Permanent Legal Advisor:Beijing Huicheng Law Firm Director Lawyer:Fan Shiwen Vice Director Lawyer:Zheng Guochen
Add: 6/F,United International Building,No.19 Dongsanhuannan Rd.Beijing,100021 China
Website Management:Network Department of CIIMC Email:info@wedd.org
Tel：+86 10－87665186 Fax：+86 10－87665880/87665881