Commercial banks in China are facing increasing credit risks due to the country's growing financial openness. To manage these risks effectively, it is important to adopt a quantitative, systemic, information-based, dynamic, comprehensive, and legal approach. By drawing on international experience, a credit risk management model tailored to China can be developed. This involves expanding credit sources, enhancing credit management institutions, creating targeted credit evaluation systems for individuals and businesses, and improving the legal framework for credit risk management.