The credit investigation industry needs administrative supervision; Further from the classification of credit information subjects and credit reporting business, all business of personal credit reporting and enterprise credit rating business in enterprise credit reporting need supervision. These perceptions are the broad consensus we have obtained on the basis of in-depth research in the international credit investigation industry. However, in the study and drafting of the regulations, due to our strict supervision culture, we still chose the system of administrative supervision on the basic credit investigation of enterprises, that is, the business credit reporting service, although we only chose the supervision of the filing system.
However, what can the administrative supervision of the basic credit investigation of enterprises supervise? What welfare benefits can it bring to society? Practice has proved that there is no good supervision, and it will not bring any welfare to society. However, the disadvantages of the implementation of administrative supervision of the basic credit investigation of enterprises and the additional costs brought to the society are obvious. The first is the approval cost. Although it is only the administrative supervision of the record system, in the practice of administrative supervision or administrative licensing in China, the common operation is not the explicit approval and record system that is accepted on paper and internationally, but the approval and license system that does not have to be transparent. The point is that there is no social benefit from this increased approval cost.
The second is the cost of dispute. Under the financial supervision system for the approval of licenses, it is necessary to implement “cut off direct connection” measures in some places, such as in the management of payment and clearing, and in the management of personal credit information. However, the basic credit information of enterprises is also required to “break the direct connection”, there is no reason, originally, what information you collect on the enterprise credit information, how to collect there is no good supervision, suddenly cross a “break the direct connection”, will inevitably bring controversy. This has nothing to do with other laws that have long been clear about the need to protect corporate “trade secrets.”
Therefore, the future revision and upgrading of the credit reporting regulations should be carefully studied on whether it is necessary to cancel the administrative supervision of the basic credit reporting system of enterprises.
Post time: Dec-15-2023