Research On Supervision Legal System Of Market Access Of Financing Guarantee Companies

China’s guarantee industry began in the1990s, the first guarantee companies were mainly supported government, and the main loan guarantee business were opened to small and medium enterprises. After nearly two decades of development, guarantee industry nowadays has developed into a multisectoral industry which the businesses includes financing guarantees, contract guarantees, litigation guarantees, et al. Financing guarantee is an important component of the warranty industry, accounting for most of the share in the security market. It is also an important part in our financial system and plays a positive role in reducing market risk, promoting enterprise development as well as maintaining social stability.Starting with the current situation of the financing guarantee industry in China, this thesis attempts to explore the regulatory system of access to financing Guarantee Company in China, and is divided into four chapters. A brief description of each chapter is as follows.The first chapter focuses on the logical premise of admittance of financing guarantee companies into regulatory. The purpose of this chapter is to demonstrate and explain the reason why financing guarantee can be a rational regulatory object, and to provide the logical premise of the admittance of financing guarantee into regulatory. The source of the financing guarantee industry, the legal definition of financing guarantee institutes and the current status of the financing guarantee industry and its supervision will be described from following two point of views: firstly, discussion about the rationality of the existence of a financing guarantee company, from a theoretical point of view; secondly, discussion about the connotation of a financing guarantee company and its classification, morphology. After reviewing the development of China’s financing guarantee company and its regulatory, Wenzhou’s issue will be set as example to analyse the reasons of the crisis in the financing guarantee industry. The second chapter deals with the theoretical basis of the regulation of access of financing Guarantee Company. First, the financial properties of the financing guarantee company will be analyzed, the reason that financing guarantee company acted as financial institution will be proved according to the characteristic of financing guarantee company. Secondly, financial regulation, including market access supervision, operational supervision, exit and monitoring will be introduced briefly. Thirdly, the reason why theoretical basis of financial regulation, the failure of financial market, the maintenance of the solvency, the increase of the financial risk by financial innovation play the role to the financial industry will be investigated and well explained. Finally, due to the financial institutions property of financing Guarantee Company, requirement of the supervision to the financing guarantee will be inevitable. And based on the current crisis in the financing guarantee industry, it is recommended that a strict and explicit access regulatory regime should be invented to solve the crisis and to improve the supervision of financing guarantee industry.