Folk Financing Law Studies

The social public legal consciousness by a death sentence and the paper back, but the difference is,that all this time the defendant stand in the weak side. A common case quickly evolved into a legalevents together. Until this year from among the CPPCC prime minister reporters, folk lending thissolid unknown social economic phenomenon is pushed to outlet wave. With folk lending, as arepresentative of the folk financial embarrassed by the identity of the present stage in China is thatthe financial system by mechanism. Strict financial control under, everything from outside theformal financial system such as bank lending funds for business investment behavior are illegal,and in the current laws on the civil legal behavior and folk lending illegally accepting illegal crimeis not very clear distinction, folk financial market lacks practical and effective financialsupervision, with folk lending, as a representative of the folk financial market is facing a hugelegal and economic risk. Open folk financial, give folk lending activities should have laws andpolicies of the adoption, to wit, not only can avoid the reform process of "offering flag," thistragedy from happening again, and it is the development of the market economy, to promote oursocial economy, nice and fast development. This paper attempts to folk lending the legal status ofanalysis, called on China’s relevant laws and regulations of the private financial and related systemas soon as possible for implementation.