Establishing and Improving Regulatory Legal System for China's Financial Market Credit Rating

The credit rating regulatory legislation being seriously lagging behind greatly restricts the construction of social credit system in China.Therefore,it's necessary to formulate a credit rating management law for regulating the development and operation of credit rating industry as soon as possible,and establish a unified,perfect legal system for regulating the credit rating industry with this law as a core.Specifically,it's necessary for the credit rating regulatory legislation in China to form a unified regulatory body with legal authorization,to establish sound credit rating market access and information disclosure systems,to strengthen and improve corporate governance of credit rating agencies,and to build a rigorous credit rating regulatory legal system.