Study Of Consumer Finance Company In China Regulatory Legal Issues

In August 2009, Banking Regulatory Commission of China published< Administration of Pilot Projects for the consumer finance company>and started the pilot work of this projects. In January 2010, the first batch of consumer finance companies established respectively in four cities in China included Beijing, Shanghai, Tianjin and Chengdu, which was admitted by the Banking Regulatory Commission of China and indicated a new mode for the Chinese financial institutions.Nowadays the Pilot Projects for the consumer finance company in Chinese was only a start and nobody could deny any unknown potential crisis in the future. Under these circumstances, on the one hand, proper financial regulation ensured the stability of the consumer finance market while expanding the relevant business scale, on the other hand, China would pay much more attention to negative effects that already appeared abroad which was led by the loose supervision. Therefore, the research for supervision of the consumer finance companies became an emergency.This paper separated into four parts in total:Firstly, the writer described the background, the meaning, the research method, the innovation and the limitation of the main theme. Secondly, the writer made reference to some possible supervision problems in development of the China consumer finance companies. Thirdly, the writer concluded the experiences in this very area from other countries that were comparatively stronger than China. Last but not least, the writer stabled proposals in six aspects to complete the supervision of consumer finance companies in China.