Study On Perfection Of Legal System Of Informal Credit Supervision In China

While reform and opening policy was executed in the end of 1970s, a mature market economy has cultivated in domestic. Informal credit was expanded gradually rise, but for a long time in our country there has been no legal status and lack of legal supervision for informal credit. It had showed a disorder development and it brought unstable factors to the financial markets and the society. So to research informal credit in our country has an important theoretical and practical significance. The author reviewed research material on practice research material at home and abroad and based the development status of informal credit, regulatory practice and theoretical research in our country since the founding of our country, the our country folk it is the first time to differentiate to five development stage:limiting, inquiry, system guiding and legal guidance, legislation.The analysis and reference to different region and the different levels of economic development on regional legislation and regulatory practice about experience success in the informal credit is got by us, we have put forward the ripe of the regulatory and legislative, it become eager to perfect the supervision by legislation. Only in this way, it makes informal credit to legalize and standardization of the financial system in our nation. In the end it may inject new vitality for the development of socialist market economy.The paper is divided into five parts as follows:the first part contents writing background and significance, summarizes literature and reviews literature at home and abroad describe writing thoughts and methods, and points out the innovation and insufficient of the article; The second part tells the story of our country informal credit development process, causes and characteristics, influence and trend it do twist for analyzing the regulatory and legislative of informal credit; The third part by means of analyzing regulatory conditions of the financial industry, the legal basis for informal credit operation, it is concluded that the present regulation of informal credit absences and relevant existing legal defects; The fourth part according to the different level of economic development and different economic system countries on regulatory model and legislation, such as the United States, Japan, India, domestic Hong Kong, it provides a good reference for our country on credit experience; The fifth part according to the article which we analyzed, the author puts forward Some Suggestions that we should establish the supervision mechanism and improve laws establish informal credit to modify and improve laws on informal credit and so on.