The Influence Of Credit Reporting System For Private Lending Mechanism

The problem of personal credit started late in our country. Until now, we have established the main body of the personal credit institutions in the people’s bank of China and it has show important effect to protect and defuse financial risks. However, with the deepening of market economy, if we don’t build a combination of personal credit system which satisfy the increasing of service demand to create a good credit environment economy, the development of the socialist market economy will be very difficult.Most modern scholars jumps over the most fundamental and basic problems, and focus on the practical method on development of personal credit system. This paper argues that by using the deduction of personal credit system operating, we can see more clearly about the weak point.Stands by the case as the guidance, this paper studies the perspective of individual consumers using the game theory model,, through continuous adding parameters to simulate the real world phenomenon, found the problem of personal credit system in our country.This paper adopts the structure of this paper is:ask questions, analyze problems, solve problem. The structure of this article is divided into five parts:Chapter1mainly introduces the related concepts and the research results. Firstly, using the structure of whole to part of to define the credit related concepts. Secondly, explaining the asymmetry theory in Economics. Finally, carding domestic and foreign research related to personal credit, personal credit in western developed capitalist countries classifies the research study.Chapter2firstly combed the personal credit system in history and now in China. Then, introduction the china personal credit current situation, including the situation of widespread faith deficiency phenomenon, and tries to analysis the cause of broken and perfect personal credit system. Finally, this paper introduced the realistic case presentation and a simple analysis of the case, the case as the analysis of the construction of personal credit system of China, setting the stage for the next game model analysis.Chapter3is the paper core, mainly using the method of game theory and information economics. Set the game model of three phases. The first and second stage game model explained Chinese traditional personal credit mechanism. The third stage game by the second phase of incomplete and imperfect information game illustrates the personal credit system operating mechanism of the modern market economy.Chapter4comparing the relatively popular in the international mechanism of three kinds of personal credit system, through the comparison and analysis we found various system needs the institutional environment characteristics.In combination with the vast area in China, the development of environmental difference and the development level disparity is big, the personal characteristics of regional differences in countries such as demand for credit services. This article try to the construction of personal credit system in our country the present stage provides some policy Suggestions:(1) The expansion of credit data coverage, raise the cost of paper mask.(2) Set permissions reasonable query, query cost while protecting individual privacy.(3) Strengthen the legislation construction, strengthen the law enforcement is an important premise to ensure personal credit system. Build a specific mechanism design and improve the execution efficiency of each policy measure analysis and data interpretation, will be more effective to solve this problem.Chapter5conclusion The article, start from the phenomena of society itself response to cases as the main line of our country ancient form of personal credit system operation made explanation, and personal credit system to market economy has carried on the detailed operation requirements. Through the game model, this paper obtained:firstly, to improve the pretenders disguise cost. Secondly, improve the default penalty cost. These two aspects is the core of market economy of personal credit system.Innovation point of this paper:(1) Boldly put forward the concept of "personal credit code", and through the theoretical analysis of the feasibility and the advantage of the code. In viewing the space is limited, we can continue to study "personal credit code" in the future writing.(2)The significance of this article have present "punishment mechanism", in the future writing, we can continue to analysis from the perspective of legal punishment of actuators and executable form how to guarantee the timely and effective punishment; From the perspective of economics, establishing econometric model to analyze how to choose the supervision and administration of believers behavior of parameter, made in the fight against believers of at the same time not inhibit the sound development of credit consumption.The deficiency of this paper is that current personal credit report is mainly provide by the people’s bank of China personal credit information, so privacy problem has no public data available. It’s means that use econometric model to analysis is difficult. Secondly, this paper based on the personal credit report as the most important indicators, may ignore the other times of the important factors that affect the personal credit system. Finally, the article did not study the short term and long term impact on the personal credit, after writing can continue to study on the basis of personal credit system for short-term and long-term effects of personal credit.