my country *** In recent years, China has introduced economic policies to vigorously develop consumer credit business, expand domestic demand, and promote national economic development, which has enabled my country's consumer credit business to achieve unprecedented development. The following is shared by me, I hope it is useful to you.

First of all, developing consumer credit is conducive to increasing consumption tendencies and expanding domestic demand. Exploring the domestic market and expanding domestic demand are the basic foothold and long-term strategic choice for my country's economic development. Therefore, effective consumption is an important guarantee for my country's economy to maintain long-term and stable growth. What is particularly important is that my country's current economic performance is characterized by relative oversupply and deflation, and the consumer goods market is transforming from a seller's market to a buyer's market. On the other hand, the household savings rate is increasing day by day, and the marginal propensity to consume is decreasing. In this situation In recent years, the country has introduced a series of fiscal policies and monetary policies to expand investment demand. However, from the perspective of consumption, the consumer market is still weak, and the expansion of investment demand *** consumption has limited effect. Further expansion of domestic demand, *** consumption is still It depends on the development of consumer credit to expand effective demand. We know that investment and consumption are the two wheels of economic growth. To sustain the trend of investment driving economic growth, consumer demand must keep up with it in a timely manner. The development of credit consumption is an important way to expand consumer demand. From the perspective of the whole society, since consumption and production cannot be completely synchronized, consumption always lags behind production, and there is a certain lag between the two. The implementation of consumer credit can help increase immediate consumption and maintain the soundness of production and consumption. Circle. In the current economic situation, consumer credit has the following special and important practical significance. Consumer credit is an effective measure to regulate the current macro economy. Insufficient consumer demand can be said to be a prominent problem in my country's current economic growth. Actively developing consumer credit and supporting demand expansion through consumer credit can achieve the purpose of activating the consumer goods market to drive economic growth. *** Guiding consumer spending through consumer credit, consciously accelerating or delaying the social realization of certain types of consumption, can also effectively promote the adjustment and upgrading of industrial structure, realize the optimization of economic structure, and bring economic growth into a virtuous circle.

Secondly, the development of consumer credit is conducive to providing impetus for economic growth. The growth of consumption is always the starting point and destination of economic activities, and being consumption-oriented is also the true essence of the development of market economy. The growth of residents' consumption and the upgrading of the consumption demand structure are the fundamental driving forces for the expansion of economic scale and the evolution of the economy to a higher level. According to estimates, the contribution rate of household consumption to national economic growth is 64.8% in South Korea, 6***% in Japan, and 68% in the United States, while this indicator in my country is about 50%. In developed countries, credit consumption accounts for 30% of total consumption. Based on this calculation, my country can increase consumption by about 130 billion yuan, which will drive consumption growth by about 4.5 percentage points. If consumption contributes 50% to economic growth, it will ultimately drive economic growth by 2.3 percentage points. At present, after our consumption level reaches a moderately prosperous level, we are facing consumption upgrades. One-time large payment is one of the important features and will also be a frequently encountered problem. Through consumer credit, some residents who urgently need to improve their living conditions and have certain financial strength can realize their demand for high-value consumer goods such as housing and cars in advance. It is also conducive to improving the quality of living standards and promoting the smooth realization of social consumption upgrade. In fact, consumer credit is a sign of whether a person or even a nation has confidence - whether he dares to spend the money he will earn in the future. Therefore, through the development of consumer credit, we can fundamentally change the traditional policies and concepts that restrict consumption, and transform consumption into It is integrated with labor production, stimulates workers' enthusiasm for work, improves labor productivity, and ultimately improves people's consumption and living standards.

Finally, the development of consumer credit can optimize the social credit structure and organically combine claims and debts, thereby improving the inherent credit restraint mechanism and the credit level of the whole society. In the current deformed social credit structure in our country, residents have high claims, banks and enterprises have high debts, and banks have high risks. Risk and reward are absolutely separate. The development of consumer credit can optimize residents' asset structure and combine residents' income and risks through credit consumption. The effects of consumer credit and savings on currency circulation are exactly opposite. The former uses future income now, while the latter uses current income in the future. Developing consumer credit is also an important measure to build a mechanism for converting market savings into investment.

In addition, the development of consumer credit can extend the scope of monetary policy and credit policy, and is one of the powerful tools to adjust the asset and liability structure of banks. So far, monetary and credit policies have played a role in promoting production in a shortage economy. However, through consumer credit, monetary and credit policies can be extended to the consumption field and a consumption-led economic growth model can be established. Furthermore, by extending the scope of policy, it can help banks adjust their asset and liability structures and improve bank efficiency and effectiveness.

Basic countermeasures for consumer credit

Establish a scientific personal credit evaluation system and establish a professional personal credit evaluation and investigation agency. The existence of U.S. consumer credit reporting agencies allows lenders to obtain true credit information of applicants with reasonable investment. Lenders can obtain applicants' credit information through commercial credit reporting departments that specialize in collecting and keeping applicants' credit information. In China, credit reporting agencies can be gradually established in cities with better conditions as pilot projects, which will not only reduce the investigation burden on the banking system, but also ensure the professionalism and accuracy of the investigation. In addition, the "5C personal credit scoring model" commonly used by foreign financial institutions can be introduced, namely: Character***Character***, Capacity***Capacity***, Capital***Capital***, and Collateral*** Collateral*** and industry background***Condition of business***, combined with the actual situation of China's personal consumer credit business, establish a personal credit assessment model suitable for Chinese applications to better reflect personal credit levels. The implementation of the separate system of personal settlement accounts and savings accounts reflects the individual's credit situation more accurately, which undoubtedly plays a certain supporting role in the construction of the credit system. Formulate methods to link relevant preferential loan policies with applicants’ credit standing, and standardize charging standards. For customers with better credit, banks can grant applicants more preferential loan conditions. For example, giving them more repayment options virtually reduces the applicant's loan cost, and encourages applicants to maintain a good credit record with preferential policies. An important measure in the communique issued by the People's Bank of China is that "banks provide loans to low- and middle-income households with preferential treatment for first-time borrowers." This should be clearly reflected in interest rate discounts or other loan term discounts and tariff discounts, so that Policies are implemented. For general charging standards, unified standards must be strictly stipulated among peers and strictly implemented. At the same time, clarify the principles of insurance premium charging, increase the transparency of insurance premium charging, charge reasonably, do not blindly pursue high premium income, pay attention to the ratio of premiums to insurance liability funds, and distinguish the boundaries of the respective responsibilities of banks and insurance companies. Focusing on mortgage and pledge insurance, we can avoid the unreasonable profit sharing phenomenon between insurance companies and banks that once occurred in Jiangsu, reduce the pressure on insurance companies to surrender insurance when early loan repayments occur, and protect the legitimate rights and interests of consumers.

Starting from the card business, collect and organize the credit information of individual customers. As China's credit system is not yet very sound, with the rapid growth of the card business, we can consider starting with various bank card businesses, especially credit card businesses, to track consumer withdrawals or consumption records and electronically generate daily transactions. Supplement customer information with various types of information, and gradually establish a customer information database as customer information resources. Combined with the basic information entered when the customer opens an account, a database is established that comprehensively reflects the customer's credit status and repayment ability. At the same time, consider retaining existing accounts indefinitely and retaining closed or paid-up accounts for several years for inquiries.

Pay attention to the construction of hardware facilities for personal credit information file management and improve the legal environment. In terms of science and technology, it is necessary to improve the interface technology of the basic database and accelerate the construction of data platforms to expand credit reporting pilots, interconnect and interoperate, and realize the construction of a data sharing system and the construction of credit reporting systems in major cities across the country as soon as possible. At the same time, we should formulate unified national laws and regulations on the personal credit reporting system as soon as possible, clarify information disclosure rules while protecting business secrets and consumers' personal privacy, and promote the development of the personal credit reporting system; protect the rights and interests of creditors' financial assets, and clarify the legal responsibilities that credit consumers should bear Responsibility, linking consumer credit breaches with other daily transactions, and strengthening credit consumers’ sense of responsibility within society.

Detailed introduction of consumer credit

According to the different loan items, consumer credit is divided into buyer's credit and seller's credit.

Buyer's credit is a loan granted to consumers purchasing consumer goods, such as personal travel loans, personal comprehensive consumption loans, personal short-term credit loans, etc. Seller's credit is a loan issued to companies selling consumer goods with installment documents as collateral, such as personal small loans, personal housing loans, personal car loans, etc.; according to different guarantees, it can be divided into mortgage loans, pledge loans, Guaranteed loans and credit loans, etc. The launch of personal short-term credit loans marks a change in the business philosophy of state-owned commercial banks, opening up new business areas, and a breakthrough in the traditional business model; the launch of personal consumer loans complies with the growing needs of the people for diversification of financial products and optimizes the commercial banks The credit asset structure increases the profit-making channels for commercial banks, and is also conducive to activating the market, expanding domestic demand, increasing the production of consumer goods, forming a virtuous cycle of production-consumption-production, and promoting the sustained, stable and healthy development of the national economy; The launch of personal consumption credit is also of great significance in guiding individuals to plan consumption, improve the quality of life, and improve the quality of life. However, since China has not yet established a complete personal credit mechanism, personal economic behavior is not yet standardized, and personal consumption credit has not been established for a long time, there is not much successful experience to learn from. Therefore, this business has many new topics that need to be studied. .