Credit Rating

Author: Zhu Rong'en
Publisher:
Publish Date: 2006-09-01
Features: The market economy is a contract-based economy and a credit-based economy. Without credit, the market economy cannot function. Today, the construction of China's market economy is facing a very awkward situation—credit crisis. In the past, the planned economy system almost lacked a market and open market credit relationships. The resolution of major issues such as production, sales, and funding sources of enterprises were all determined by state administrative orders. Meanwhile, personal living necessities were scarce, whether it was housing or daily necessities, all were uniformly controlled by the government, and individuals had neither the ability nor were encouraged to engage in loan consumption. The centralized credit and financial policies formulated by the government brought all credit relationships under planned control, with credit resources allocated by the government and credit activities dominated by administrative orders. It can be said that during the planned economy period, neither enterprises nor individuals needed to concern themselves with credit issues, which is one of the historical roots of weak credit awareness among market participants in our country. This book is divided into two parts and consists of thirteen chapters. It covers topics such as the types and procedures of credit rating, the principles and methods of credit rating, credit rating reports and quality inspection, credit rating for commercial banks, credit rating for securities companies, and more.