Research Of The Construction Of Individual Credit System In Shanxi Province Under The Background Of Big Data

Credit relation is one of the most important and most basic relations in the market economy,market economic system cannot develop healthily without sound social credit system,while individual credit system,the precondition of all kinds of credit is in the basic position of the social credit system.Credit system is the cornerstone of building the social credit system and an important guarantee for maintaining the stable development of the market economy.Our credit industry developed slowly than developed countries,however,with the rapid development of information technology,such as big data and internet,and marketization of credit collecting institutions,there has been great changes taken place in China in recent years.Shanxi province belongs to economic less-developed areas,has low degree of marketization and poor social credit.How to learn from experience of individual credit system construction at home and abroad while closely combining the actual situation of the province,is of great significance to reduce transaction costs,improving the market credit environment,maintaining a good market economy order,make the economy and finance run steadily.So,this paper studies the construction of individual credit system in Shanxi under the background of big data.On the basis of combing and studying all kinds of relevant literature at home and abroad,this paper firstly demonstrates information asymmetry theory,transaction cost theory,data mining theory.Then,compares the experience of building individual credit system between home and abroad,try to find the proper construction methods of individual credit system in Shanxi.Meanwhile,in view of the operation of the credit system,takes a case study of the individual credit system of the credit reference center of the people's bank and FICO,Zest Finance in US,makes in-depth comparison of individual credit difference between traditional back ground and big data.Finally,puts forward strategies to building the individual credit system in Shanxi for the problems in the investigation.In order to building perfect individual credit system,Shanxi should make full use of the innovation in the field of large data,choosing a government oriented construction model suitable for the reality of the province,strengthening the construction and supervision of the legal system of credit collection,strengthen the propaganda to improve credit service level.