Liu Yun， Yang Zhiqing， Hu Dezhuang and Zhen Weihua
（Institute of Quality Development Strategy， Wuhan University；Coordination Innovation Center for Macro-Quality Management in Hubei Province）
Abstract: Quality credit service is an important way to reduce information asymmetry. Compared to quality technical institutions abroad, these institutions which provide quality credit service in China have been small size and many of institutions sponsored by government. In order to reduce path dependence, it is necessary to research quality technical institutions wicth generated and operated well in the market. This article argues that it is possible for market can produce technical institutions in the current institutional environment of China based on the case of IGRS alliance. To be more specific, quality technical institutions can constantly improve its structure driving by market needs. And through the concise certification marks, quality technical institutions present reliable quality signal to the public.
Key Words: Information Asymmetry; Quality Credit; IGRS Alliance; Case Study