By Zhang Junkuo, Zhao Huaiyong　

Date: 2004/09/20

Abstract:

A well-functioned credit information system is the precondition to build a social credit system. It is by nature a kind of consulting activity for information; therefore market is the instrument to develop the credit information service industry. The government should play its roles in legislation and administration, as well as exercising the standards, rather than collecting data and setting grades, running huge data base, or even create the demand on credit service in the market through administrative actions. The critical task for the government at the time is to draft laws for open information to the society, through which the government is responsible to release its information. In addition, a comprehensive management system is a guarantee to successfully building a credit information system in China.