Discussion Of The Legal Issues On The Regulation Of Private Bank

Recently, setting up the private bank is the hot topic either in the academic field or in practice. After setting the basic economic system of the primary stage of socialism in the Sixteenth National Congress, it pointed out that the non-public sectors of the economy should be greatly developed and instructed actively and will be allowed to enter into infrastructure construction, public utility and other fields which aren't forbidden by law in the Third Session of the Sixteenth Central Committee of the Party. This offers the policy instruction for the quick development of non-public sectors of the economy in time.Equal entry and effective competition for all the players in market are the essence of the market economy. Also they are the key factors of optimizing the distribution of resources and high quality growth of economy. What's more, it is the sign of a complete socialist market economy. The basic economic system of keeping public ownership as the mainstay of the economy and allowing diverse...