Credit investigation is a tool to evaluate credit, which refers to an evaluation and estimation activity to judge the current credit status and ability to perform credit responsibilities by measuring, analyzing and studying the historical credit records of natural persons such as enterprises, institutions or legal persons and unincorporated units, as well as their qualifications, quality, status and behavior.
As an enterprise providing credit information services, credit reporting agencies legally collect credit information of enterprises and individuals according to certain rules, process and sort out credit reporting products of enterprises and individuals, and provide them to information users who have legitimate needs in economic activities, such as lenders, credit sellers, bidders, lessors, insurers, etc. To facilitate them to know the credit status of their counterparties.
Credit service can not only create conditions for preventing credit risks and ensuring transaction safety, but also enable enterprises and individuals with good credit records to obtain more trading opportunities at lower transaction costs, while enterprises or individuals with poor credit records do the opposite, thus promoting the formation of a social environment of "benefiting from honesty and punishing dishonesty".
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Strengthening the construction of credit information system is the core of social credit system construction. Market economy is a credit economy. The essence of building credit economy is to improve the social credit system, and the core of social credit system construction is the construction of credit information system.
⑴ Credit investigation activities have a strong scale effect. Because there are many sources of credit information, and different enterprises or individuals have the same similar sources of credit information, the marginal cost of multi-object investigation with the same source of information is small, and the average cost drops rapidly with the increase of the number of respondents, so the credit industry has a strong scale effect.
Therefore, the cost level of providing credit information service in an organized, large-scale and professional way is much lower than that of independent investigation by enterprises or individuals, which can save a lot of unproductive costs.
⑵ After China formally joined the WTO, according to the specific commitments of service trade in the WTO agreement, the government will allow foreign capital to enter the credit reporting industry in China based on the principle of prudence, and foreign credit reporting agencies have begun to actively seek partners and establish branches. However, China's credit information system is full of loopholes in front of these mature credit information giants, which is childish and ridiculous and needs to be improved urgently.
(3) At present, the lack of social integrity is quite prominent. Commercial fraud, counterfeiting, false reporting, and academic misconduct have been repeatedly banned, and the people are very dissatisfied. It is of great significance to improve the system, strengthen education, create a social credit environment of honesty, self-discipline, trustworthiness and mutual trust, and establish and improve the credit information system covering the whole society.
Baidu Encyclopedia-Social Credit Information System