Abstract

The enterprise credit rating in China is the new thing with continual advances of China economy and financial system reform, and it still has many problems need to be researched and solved. This article firstly points out problems existing in China enterprise credit rating, then analyzes reasons of these problems, and finally puts forward measures to develop China enterprise credit rating.

Highlights

  • The enterprise credit rating in China is the new thing with continual advances of China economy and financial system reform

  • China enterprise credit rating has not been recognized by all circles in the society, and the results of enterprise credit rating are less utilized

  • Most results of China enterprise credit rating are only used in the credit risk management of banks, and other domains still can not hear the voice of the enterprise credit rating, which makes the function of credit rating suffer large limitation, and social effects can not be fully applied

Read more

Summary

The social effect of enterprise credit rating is not obvious

China enterprise credit rating has not been recognized by all circles in the society, and the results of enterprise credit rating are less utilized. The result of international enterprise credit rating has acquired effective utilization by all circles in the society, and governmental supervisory departments utilizes it to enhance the supervisory efficiency, and enterprises utilize it to enhance its social reputation, and banks utilize it to reduce their credit risks, and investors utilizes it to acquire investment incomes. Most results of China enterprise credit rating are only used in the credit risk management of banks, and other domains still can not hear the voice of the enterprise credit rating, which makes the function of credit rating suffer large limitation, and social effects can not be fully applied

The result of enterprise credit rating is not just
The setup of rating index system needs to be further regulated
The market demand of Enterprise credit rating is seriously deficient
The environment of credit data needs to be improved
Collaboration and communication are deficient in industries
Professional education and training are deficient
Development measures of China enterprise credit rating
Strengthening the standard management to the credit rating industry
Strengthening the industry self-discipline
Strengthening the construction of rating personnel
The quality of the management layer
Financial status
Situations of management and market competition
Environmental factors
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call