Research On The Development And Standardization Of Consumer Finance In China

Since the pilot operation of consumer finance company settled in China from 2009, consumer finance industry has made great progress, but some core problems such as high operating risk, few capital source channels, narrow business scope and other issues still exist. To study consumer finance market and consumer finance company’s operation method, and to consummate legal regulation, could be great help of both the area of financial market and the national economy. We should practically study the history and realistic situation at home and abroad, find out the main problems, absorb experiences from good examples and, come up with suggestions focusing on regulations and policies. This essay could be divided into five parts:The first part debates the concept of consumer finance company. And tells the differences with other similar financing models.The second part proves the necessity of pushing consumer finance industry ahead, by analyzing the rationality on the set-up of consumer finance company from the perspective of economic theory and legal regulation.The third part describes the situation of consumer finance companies in our country on the area of policy, legal regulation and so on. This part, describes the progress and experience that we already have, especially the facts that Internet consumer finance companies have made great stride, and name out the advanced experimental results they have. Then states the perspectives that needed to be reformed of consumer finance industry.The forth part mainly introduces experiences of regulations and system construction from the USA and Japan.The fifth part lies upon the conclusions from earlier in this essay, combined with new situation of the blooming internet finance industry and the experiences from abroad, pushes out the suggestions for the reform of consumer finance industry.At the end of the essay, conclusion made.