Research On The Credit Information Sharing System In China

Modern market economy is a credit economy,and a highly developed credit system is a powerful tool to prevent financial risks and improve the efficiency of resource allocation.Credit information sharing is the inevitable requirement of credit system perfection and the development of modern market economy.Credit information sharing can reduce the moral hazard and adverse selection caused by information asymmetry,realize the full and free transmission of credit information,and save transaction costs.However,the sharing of credit information is not without boundaries,and the unrestricted circulation of credit information will infringe upon the rights and interests of the subject of credit information.Therefore,it is necessary to construct a perfect credit information sharing system to clarify the rights,obligations and responsibilities of all parties,so as to balance the interests of the credit information subjects and the social public interests.At present,although China has recognized the importance of building a credit information sharing platform,and the central and local governments have issued a large number of relevant normative documents to regulate the construction of credit information sharing,most of the documents have a low level of legislation and lack of attention to the field of Internet credit investigation,so the legal basis of credit information sharing is weak.Moreover,there is no national unified credit information sharing directory in China,and the credit information sharing system has not yet established a standardized system,which hinders the integration and sharing of credit information.Moreover,under the government-led credit investigation mode in China,the market of credit information sharing lacks vitality.Finally,in the sharing of credit information,the protection of the rights and interests of the information subject is insufficient,which is reflected in the conflict between the existing sharing rules and the protection of the rights and interests of the subject and the weak protection of the basic rights of the subject.Therefore,the perfection of China’s credit information sharing system should start from opening channels of credit information sharing,ensuring the quality of credit information sharing and safeguarding the rights and interests of credit information subjects.firstly,Perfect the legal basis of credit information sharing,regulate the rights and obligations of information owners,holders and users.Second,unify the sharing standard system to complete the integration of credit information and develop the system of mixed credit information sharing mode.While clarifying the basic database functions of the credit investigation center of the People’s Bank of China,the compensation mechanism should be used to improve the motivation of the market information providers to report information and drive the vitality of the credit information sharing market.Third,perfect the credit information ’rights related information sharing rules,using rules in credit information and credit information security rules set,focusing on the protection of the rights and interests of the main body,and through enhancing body’s right of informed consent,refining the objection handling mechanism,perfect the judicial relief system so as to strengthen the credit information subject of fundamental rights protection.