How to improve the international competitiveness of China’s credit investigation market?

By establishing a sound credit commitment system, the State Administration of Market Regulation has broadened the application scope of credit commitment, aiming to create a more fair, transparent and orderly market environment for business entities. This initiative not only helps to improve the integrity level of business entities, but also promotes the high-quality development of the social credit system and achieves the goal of benefiting the people and enterprises.
The establishment of credit commitment system requires business entities to abide by laws and regulations, fulfill social responsibilities and consciously maintain market order in market activities. Through commitment, business entities show their integrity image to the public and enhance market transparency and credibility. At the same time, this system also promotes the business subject to pay more attention to their own credit construction, enhance the awareness of integrity management, and form a benign competition market atmosphere.
In order to broaden the application scope of credit commitment, the General Administration of Market Supervision can explore and innovate in a number of fields. For example, the credit commitment mechanism is introduced in the links of administrative approval, regulatory law enforcement, and government procurement, and the credit status of the business entity is taken as an important reference factor. In addition, it can also promote the application of credit commitment in e-commerce, financial services and other fields to provide more convenience and support for business entities.
To carry out in-depth credit promotion actions is the key to improve the integrity level of business entities. The State Administration for Market Supervision can guide business entities to establish the concept of honest management and improve the level of credit management by strengthening publicity and education, improving the credit evaluation system, establishing reward and punishment mechanisms and other measures. At the same time, it is necessary to strengthen the punishment of dishonesty, form an effective deterrent effect, and promote the improvement of the level of market integrity.
Advocating the concept of credit business is the basis for promoting the high-quality development of the social credit system. The General Administration of Market Supervision should actively carry out publicity activities to popularize credit knowledge and improve the credit awareness of the whole society. In addition, it is necessary to strengthen cooperation with relevant departments, form a working force, and jointly promote the construction and improvement of the social credit system.
In short, by establishing and improving the credit commitment system, expanding the application scenarios of credit commitment, carrying out in-depth credit promotion actions and advocating credit business concepts, the General Administration of Market Supervision can create a good development environment for business entities, promote the high-quality development of the social credit system, and achieve the goal of benefiting the people and enterprises. This will help enhance the competitiveness of China’s credit market and its international image, laying a solid foundation for the sustainable and healthy development of the economy and society.