What is the main function of credit reporting? be badly in need of

I. Main Functions of Credit Information System The important content of credit information system construction is to establish the basic database of enterprise and individual credit information (also known as enterprise credit information system and individual credit information system). The database (system) adopts the national centralized mode, and commercial banks submit data to the database on a monthly basis, and can make real-time inquiries through the database. The function of enterprise and individual credit information system can be divided into social function and economic function. With the construction and improvement of the system, the social function is mainly reflected in the gradual formation of a social atmosphere of honesty and trustworthiness, law-abiding, emphasizing contracts and stressing credit. By influencing and standardizing important economic activities of enterprises and individuals, the construction of social credit system is promoted, the level of social integrity is improved and the construction of civilized society is promoted. The economic function is mainly embodied in helping commercial banks and other financial institutions to control credit risks, maintain financial stability, expand credit scope, promote consumption growth, improve economic growth structure and promote sustainable economic development. According to the questionnaire survey of information directors of 500 financial institutions, in 20051-1* * 599 163 applications for enterprise credit were accepted, with an amount of 3,607 billion yuan, and were rejected by system inquiry 1665438+. As far as the personal credit information system is concerned, commercial banks have opened 52,000 inquiry user terminals in branches all over the country. At present, the daily inquiry volume of personal credit report has reached about 1 10000, which has played an active role in improving the efficiency of loan review, facilitating people to borrow, preventing non-performing loans, preventing individuals from being over-indebted, and determining the interest rate level according to credit risks. The social function and economic function of enterprise and individual credit information system complement each other and promote each other. With the gradual expansion of data collection and the use of corporate and personal credit reports, the functions of corporate and personal credit information systems will be gradually improved and improved. Second, the credit information system plays an important role in preventing credit risks. The enterprise credit information system and personal credit information system organized by the People's Bank of China are the core of China's credit information system, which is an important part of the social credit system. The basic goal of building a credit information system is to establish a set of credit files for every enterprise and individual with economic activities, store and process the credit information of enterprises and individuals collected by financial and non-financial departments, produce and provide credit information products, so that the credit granting party in credit transactions can fully understand the credit status of credit applicants and provide services to the society within the scope stipulated by laws and regulations, thus helping credit trading institutions to prevent credit risks. In order to maintain financial stability, promote healthy economic and social development, promote enterprises and individuals to establish credit awareness, accumulate good credit records, and promote social civilization, harmony and progress. It can be said that the credit information system is the cornerstone of the operation of the modern financial system, and whether there is a perfect credit information system is an important symbol of the maturity of the market economy. The basic database of enterprise and individual credit information is not only conducive to preventing enterprises and individuals from excessive debt, preventing credit fraud, reducing the rate of non-performing loans and improving the efficiency of loan review, but also plays an important role in facilitating enterprises and individuals to borrow money and promoting production, consumption and employment. 1, the role of personal credit information system. The basic database of personal credit information plays an increasingly significant role in preventing personal credit risks such as housing loans, automobile loans, national student loans and credit cards. For example, the basic database of personal credit information records the basic information of borrowing students, repayment information and settlement account information such as wages opened in commercial banks after graduation, which can completely relieve the worries that commercial banks can't find borrowers, help improve the integrity level of college students and help implement the student loan policy. At present, commercial banks and related rural credit cooperatives have opened a basic database of personal credit information to inquire about 56,000 user terminals, and established a credit risk review system based on database inquiry, taking personal credit report as an important basis for personal loan pre-loan approval, post-loan management and credit card approval. The average daily query volume of the database has also increased from about 1 0,000 at the beginning of last year to more than10.5 million at the beginning of this year, and the maximum query volume in a single day has exceeded 200,000. Last year, the retrieval rate of the database was around 40%, and now it has exceeded 80%. By the end of 2005, 223 17 personal credit accounts had been included in the personal credit information system of our city, with a balance of 654.38+58.3 million yuan; Credit card 302 19, balance 65438+200 million yuan. There are 63 bank outlets in the city that have opened the inquiry function of personal credit report. 2, the role of enterprise credit information system. Since 2005, the enterprise credit information system has been upgraded on the basis of the original bank credit registration consulting system (also known as the old system). The upgraded system is called Enterprise Credit Information System (also known as the new system), which started trial operation on June 30, 2006 and will be networked nationwide. With the continuous strengthening of system functions and services, the risk monitoring function of affiliated enterprises has been improved, including investor association, investment association and guarantee association inquiry. By providing services such as credit information inquiry of affiliated enterprises and loan information inquiry of different industries, the financial authorities can timely grasp information such as credit investment and play an important role in handling major cases. It has become an important tool for banks to guard against financial risks, reduce credit costs, improve loan efficiency and improve the level of financial supervision, and provides an effective basis for monetary policy and macro-control. Commercial banks have regarded inquiring the system as an important procedure for pre-lending review. At present, 1 1 financial institutions in our city have all opened the enterprise credit information system. By the end of 2005, there were 765,438+030 borrowers included in the system, and the balance of RMB loans was 65.438+055 billion yuan. In 2005, the system inquired 280 times a month.