In recent years, banks have increased the circulation of credit cards on a large scale, because the personal consumption credit return rate of credit cards is much higher than that of corporate loans, and the repayment period is shorter than that of corporate loans. In September this year, McKinsey published the 2005 China Credit Card Market Research Report, which pointed out that as the fastest-growing product in the retail credit market, the number of credit cards increased from 3 million to 6,543,800+0.2 million from 2003 to 2005.

However, blind market expansion, extensive business model and extremely imperfect personal credit system have brought great risks to the operation of bank credit card business. The phenomenon of malicious overdraft of credit cards is rampant, and the bad debts of bank credit cards have increased sharply year by year. According to the research report "Electronic Payment and China Economy" released by the Institute of Finance of China Academy of Social Sciences on June 5438+065438+1October 2 1, the proportion of malicious overdrafts by a considerable number of card-issuing banks has reached 90%. 165438+1On October 22nd, Guangzhou Daily reported that the disputes caused by credit card overdraft in Guangzhou increased sharply year by year. The former Dongshan Court, which accepted the most bank credit card disputes in Guangzhou, accepted credit card overdraft disputes 18 1 in 2002, 3 10 in 2003, 870 in 2004 and 65438 this year. These objective and true data give us several big question marks. Where is the virtue of honesty and credit that our country has inherited for five thousand years? Are our citizens really untrustworthy? What's wrong with it?

Since the reform and opening up, China has been committed to the construction of a market economy. The developed stage of market economy development is credit economy, and credit is the essential attribute and basic requirement of market economy. Market economy calls for credit. However, the protection of credit in China is mostly limited to the moral field. There is no denying that moral norms need basic honesty. However, in the highly competitive market economy environment, it is inevitable for economic subjects to choose dishonesty and pursue the maximization of interests, and it is absolutely idealistic to just hope on moral constraints. Market economy or morality itself will not spontaneously or inevitably form a good credit system. Personal credit system needs to regulate the credit behavior of the parties through mandatory legal system and form external binding force, so that the cost of personal dishonesty is much higher than the income of dishonesty. This can restrain the credit behavior of the parties and enhance personal credit awareness. Unfortunately, at present, there are no special laws and regulations to adjust various interests in personal credit activities in China. Therefore, the lack of existing laws and regulations of China's credit system is the real bottleneck of China's current personal credit system construction. As some scholars have pointed out, the general lack of honesty is essentially the invalidation or non-compliance with the legal rules regulating social communication relations.