Research On Legal Regulation Of Folk Finance

Since China’s reform and opening up, China’s private finance has been quite active, in the process of promoting economic development play a positive role, but due to the informal financial legal environment is not ideal, to the informal finance main body behavior lack of reasonable legal norms and regulation, make its long-term financial regulation system, caused our country these years emerged a large number of illegal fund-raising cases, such as Hunan province ZengChengjie case, Zhejiang province Wuying case and Henan province LianJinzhi case shocked the nation, which were all fund-raising fraud case, our social order and financial security brings a certain impact, also caused a great sensation in the public opinion, some scholars point to the legal regulation is not perfect. As a result, the informal finance has become in the process of China’s economic and social development have to pay attention to a field, especially its lack of reasonable perfect legal norm and the current situation of regulation, more worthy of our law students thinking.At the same time, we can not blindly negative Informal financial role in promoting the economic development of our country. Informal financial go now, as its role and its strength and the risk of more and more attention by leaders of our country, we should to guide, standardize, make the road of healthy development. Therefore, the research of our country informal financial legal system, is a subject has important practical significance and theoretical value.(1) promotes the development of more reasonable folk financial regulation, reduce the happening of the case like ZengChengjie case, Wuying case, to protect the informal financing participants;(2) the legal regulating of the informal financial research, can provide reference for the future activities of the legislation in China, can make the legislators for private finance has a deeper into more specific knowledge;(3) blindly controls is inferior to moderate dredging, lifting restrictions on nongovernmental finance and the use of effective legal means to regulate, convenient and private financing of small and medium-sized enterprises and individual, will have quite a positive influence on the economic development of our country.From major illegal fund-raising cases happened in recent years and its academic debate, financial theory of legislative construction in China has a certain lag, caused by legislation achievement is very poor, lead to legal binding force is not strong of informal financing participants. So the further research of this article through to the folk financial legal system, from the analysis on the basic theory, using the literature research, historical analysis, comparative analysis, case analysis and argument in the form of outline about the countermeasures of perfecting our country’s folk financial, provide support for the research work of theory, to cope with the current Chinese informal financial "practice more theory less. Only combining theory with practice, change the status quo theory lagging behind practice, common development, we can better improve the legal system.