A creditability crisis occurs because market economy has replaced the traditional creditability which depended on the planned and smallscale farming economy for sustenance, but a modern creditability is hard to be established in a short time to adapt to market economy. The essence of creditability crisis lies in the fact that creditability as a special piece of merchandise under the circumstances of market economy is hard to be precisely priced because of immature market mechanism, which leads to a confusion in creditability market, hence the creditability crisis. This creditability can be removed by law or governmental interference, but can only depend upon development of market economy and the course of steady accumulation.

modern creditability; creditability crisis; system of creditability; market mechanism