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Why Is Dongguan'S Consumer Credit Hard To Move Quickly?

2011/8/2 10:25:00 52

Consumer Credit In Dongguan Is Not Fast Enough

consumption

Finance

The company is testing water in Dongguan.

After the banks concentrated their credit cards on the middle and high income groups, Consumer Finance Companies's eyes focused on the blank market outside the credit card, and the loan target customers targeted workers in the industrial area, employees in the service industry, white-collar workers and students.

consumption

credit

This means of stimulating consumption widely used in developed countries and regions has been developing slowly in China.

The reason is that the institutional environment that consumer credit relies on is imperfect. For example, the reward and punishment mechanism of social integrity is incomplete, and it can not produce benign effect, which hinders the rapid growth of consumer credit.

Therefore, we should return to basic work and speed up the construction of social credit information system.

If we know a little about consumer credit, we will envy American consumer credit very much.

Data show that the proportion of the use of credit cards accounted for more than 90% of the individual purchase behavior of American citizens. In other words, in the purse of American citizens, there is little cash and more credit cards.

In most places in the United States, whether in supermarkets or restaurants, most purchases are made by credit card.

Some experts in China pointed out that

Credit Card

The prevalence of consumption shows that the banking industry in the United States is well-developed, while the Chinese students who know the inside story point out that the popularity of credit card consumption is not so much the development of the banking industry, but rather the development of the credit rating system in the United States.

Obviously, the most important part that restricts the expansion of credit card consumption is the timeliness and credibility of repayment.

If the repayment is not in time and credit swaps, then consumer credit will be difficult to sustain.

In the United States, active default of citizens' credit cards is a rare thing.

Why do Americans dare not default?

The key is that the United States established the social security number system in the 30s of last century.

In the civil society safety code, any breach will be recorded and followed by citizens throughout their lives.

If the record of integrity is not good enough, then the citizen will not be able to find a job or to consume or to do business.

Because of the well-developed and widely used personal credit record system, Americans are very concerned about their integrity records and are afraid to default.

Conversely, China's consumer credit often falls in front of the failure of personal credit.

Once the personal credit default is unable to maintain the timeliness of repayment, besides the collective punishment that the banking industry may impose, the information of credit default can not produce greater social punishment.

The systematic absence of citizen's credit record function reduces the expansion of credit consumption, which is the crux of the problem.

Therefore, public governance should spend more energy on building and perfecting the personal credit system, and having the basic system of social honesty and credit. The expansion of consumer credit is only a matter of effort.