Construction of Social Credit System: Concept,Framework and Path Selection

The three concepts of credit,credit information and credit loan information,showing a progressive nature in connotation,provide a logical philosophy and a focus for building a social credit system.A sound and efficient credit system should be an integrated system project including laws and regulations,ethics,credit services,government monitoring and information system construction.To speed up the construction of social credit system,on one hand,it's necessary to promote the development of the whole credit information industry by improving credit loan information service: to coordinate and dominate the public and commercial credit information development by the People's Bank of China(PBC);to promote the establishment of the main credit information regulatory system dominated by the PBC;to improve the credit information database on the basis of the PBC information database.On the other hand,it's necessary to promote the development of social credit system building through credit information construction: to quicken legislative process for credit information,to strengthen publicity and education on credit information and to cultivate credit information market demand.