Study on the Establishment of Credit Evaluation System under the New Normal

China's credit rating has been more than twenty years of development history, credit rating agencies have made certain degrees of progress in terms of rating idea, rating methodologies and index system. But overall, for now the system of China's credit rating has not yet formed, there exist the problems of market demand limiteding, the scale of operation constrained by business financing model.Credibility and credit rating is difficult to adapt to the needs of self-construction and healthy development of the financial market and the social credit system construction. Credit rating problems are mainly in the following aspects. Credit rating reveals corporate credit risk,helps investors quickly and easily obtain objective and impartial credit information and provide investors with a valid reference information.Therefore, the government should play the leading role in the development and construction of credit rating system and establish the authority of the credit rating agencies, in cooperate with the international rating agencies, then improve the credit rating system, the relevant legal system and corporate governance structure.