Wu Ying Illegal Fund-raising Case Study

With the accelerating the process of China’s Reform andOpening up the market economy has become China’seconomy-driven.As we know the developed too quickly to makelegislation keep up with that pace which resulting in financialdifficulties,and civil remaining funds to the lack of legitimateinvestment channels,The folk from the national regulators, thename of "private lending" illegal fund-raising behavior.These"private lending" has raised many legal issues, the case of WuYing illegal fund, the most widespread concern about the typicalcase is triggered in this case the most controversial legal issueof Wu Ying’s illegal fund-raising facts is whether the behavioris a legitimate private lending, or criminal acts.Particularly,illegal fund-raising crime is not in the case of the CriminalLaw, which should apply to "illegal deposits from the publiccrime" or "financial fraud"that is still controversial.Althoughthe author is in favor of Wu Ying’s illegal fund-raising behavior characterized as "financial fraud",but I am against thesentenced to death.In addition the process of studying the case,Ifound that the the role of middleman in illegal fund-raisingprocess is very important, and therefore the role must be basedon intermediaries to distinguish between the criminal liabilityof an intermediary.Finally, in order to broaden the financingchannels for small and medium enterprises in China,we shouldreform our financial and credit system.because of he currentlegislation, I propose to introduce the crime of illegalfund-raising, as we as to increase the punishment to deal withillegal fund-raising behavior.