Study On The Path Selection Of The Construction Of Social Credit System In China From The Perspective Of New Governance

Social credit system is the most important part in market-oriented economy and social governance system.As a powering measurement in pushing national governance system and ability,social credit system plays significant roles in optimizing business environment,maintaining social orders and reducing social governance costs.The construction of social credit system is an extremely complicated systematic project requiring government,market and society to cooperate.With the guidance of the new governance theory,we interpret the policy documents in central from the perspective of policy tools.In the meantime,this study draws some conclusions from the experiences of the first batch of model cities in the construction of social credit system.This study draws conclusions from the policy documents of national government.Firstly,national government usually applies environmental tools to optimize the institutional environment and cultural environment,increasing the frequency of supply-based tools to build the infrastructure and extents the scope of openness of the credit information,introducing some kind of need-based tools to boost demand of social credit.Secondly,national government mainly used environmental tools to push the construction of business credibility and social integrity while supply-based tools are used in governmental affairs integrity.The features of using policy tools are mandatory,flexibility and preference.Thirdly,from the dimension of participation,there are a growing number of government departments which participate in the construction of social credit system.The National Development and Reform Commission and the Bank of China play leading roles in the process.The Ministry of Commerce and General Administration of Market Supervision are significant in the construction of social credit system.Government has an impact on strengthening organizational leadership,implementing regulation by credit,exploring interregional credit cooperation,as well as giving convenience to people with good credit.At the same time,credit agencies and credit organizations often support government’s credit regulation by credit rating.There are some problems in the construction of social credit system.The use of policy instrument is imbalanced,which means environmental tools are excessive while need-based tools are deficiency.At the same time,there are still mandatory remaining in the use of policy tools.What’s more,the speed of development of credit intermediaries is slower.There are still challenges in terms of independence and profession of the credit organization.In the future,under the guide of new governance theory,the construction of social credit system should increase the use of need-based policy tools,balance the proportion within environmental tools,as well as rely on technological innovation to breakthrough path dependency.The government departments should be encouraged to stress cooperation which could help them to realize credit information communication and sharing.Credit intermediaries and credit organizations should also promote their profession and independence.