Legal Regulation Of China 's Financing Notes

The financing bills is no real trading background, notes issued to financial intermediation. Financing bills in the practice of the presence of a large number of this notes credit function and financing function to play to the extreme. However, in our current legal environment, this lack of real trading background is not legal bills. Mainly China’s "10 of the Negotiable Instruments Law provisions on" real trading background. Bills without this provision due to restrictions, the bills relationship with bills fundamental relationship bound, is contrary to international common practice, therefore, should be to modify the legislation to establish a complete system of no financing for China voucher system, establish clear obstacles. The purpose of this paper is to through the theory and practice of financing instrument, draw lessons from the related system in foreign. This paper aims at the investigation of the theory and practice of financing bills, learn from the advanced experience of foreign countries, put forward the suggestions of building a legal system of financing bills.