On Legal Adjustment of China's Credit Investigation Industry
Qinqin Zheng
Abstract
Qinqin Zheng
Abstract
The development of China's credit investigation industry is still in its beginning stages. Credit awareness of market principals remains at the level of morality; information on credit keeps in accessible. Present laws and regulations are far from perfect. All these factors restrict the development of China's credit investigation industry. China should accelerate the step of lawmaking, make credit information accessible to all and stipulate the nature, duties and obligations of credit investigation organizations according to the law.
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The development of China's credit investigation industry is still in its beginning stages. Credit awareness of market principals remains at the level of morality; information on credit keeps in accessible. Present laws and regulations are far from perfect. All these factors restrict the development of China's credit investigation industry. China should accelerate the step of lawmaking, make credit information accessible to all and stipulate the nature, duties and obligations of credit investigation organizations according to the law.
Key concepts: Lawmaking, China, Credit reference, Business, Credit enhancement, Credit history, Accounting, Law and economics