Research On The Guidance And Innovation Development Of Wenzhou Private Financing Public Service Organization

Private lending in China has a long history, which is at least three thousand years. In the early history, private lending is mainly for material object lending. Mortgage lending, received deposit and provide convenient storage library, ark fang, and other forms of lending appeared in the tang dynasty. Private lending is rapid development in the period of the republic of China, "usury" and "pawn" is widespread, which has a great influence on the current private lending. Wenzhou folk lending market has fast developed after our country was built and especially after our country began to reform. The unprecedented development of Wenzhou private economy during the reform, makes traditional finance which is the economic development power source can’t meet the needs of the real economy. Therefore, people have a strong demand of low threshold, high efficiency financial institutions such as private lending intermediary. In the past 40 years during the reform and opening up, the private lending made outstanding contributions to the development of private economy in Wenzhou. But undeniably, private lending has two sides. The "underground" and "substandard" of the private lending make a huge risk, what’s more, If the risk appear, there will be a "Domino" effect, and will finally shake the entity economy. This point can be proved by 2011 Wenzhou folk loan storm, which still have influence to many enterprises of Wenzhou. Therefore, since Wenzhou approved to be the financial comprehensive reform pilot area, standardizing the private finance become the primary task, which lead to establish and perfect the public service platform of private lending in Wenzhou.This paper takes Wenzhou private lending service center as the research object, and is divided into the following several parts to study the Wenzhou folk financing guidance and the innovation and development of public service institutions. The first part is the introduction, which introduces the research, purpose, content, and then a detailed literature review of the domestic and foreign scholars’ research on private lending. The second part is the development background and present situation of the folk financing public service institutions. Then introduce the present situation and the spillover effect of folk financing public service institutions from the setup, operation mode and present situation of Wenzhou private lending service center. The third part is the function of the Wenzhou private lending service center. Analysis the function of the Wenzhou private lending service center in the realization of information symmetry of both borrowers and lenders, promoting folk lending sunlight and standardization, reducing the risk of loan defaults and reconstruction of the credit system, Mainly according to the organizational structure of Wenzhou private lending service center. The fourth part is the main problems in the development of Wenzhou private lending service center. Analyzes the existing problems of Wenzhou private lending service center, from its’ two years operation did not reach the desired effect. The fifth part is the thinking of the innovation and development of Wenzhou private lending service center. Take the practice and experience of private lending market at home and abroad for reference, and in combination with the practical situation of Wenzhou, conclude thinking of the innovation and development of Wenzhou private lending service center.