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The Research Of Private Lending Legal Regulation

Posted on:2013-09-26Degree:MasterType:Thesis
Country:ChinaCandidate:Y J PengFull Text:PDF
GTID:2246330395470618Subject:Economic Law
Abstract/Summary:PDF Full Text Request
Since April2011, Wenzhou and Ordos many small business owners burst "Paolu, boom" after such incidents will continue to be seen in the media. Caught in the round of "Paolu tide" enterprise involved usury and lead to funding strand breaks in the face of enormous pressure only choose to jump from a building or missing. According to the Xinhua News Agency reported2011full year Wenzhou private lending cumulative amount of nearly$100billion, and borrowing interest rates are soaring, the monthly interest rate of3-5, some even up to6assigned to a corner. And the the Wenzhou Central Branch of the People’s Bank of China released in the beginning of this year, the most cost-effective way to invest questionnaire statistics, which is about90%of the families or individuals,60%of companies are involved in private lending.According to related statistics show that our country is on the size of the informal credit in the loan market has more than800billion, only the scale of private lending in Wenzhou, Zhejiang Province reached as many as one hundred billion yuan. Admittedly, private lending significant role in promoting the development of SMEs and economic growth. Private lending because of its highly efficient means of financing, not only increases the non-public financing channels, but also increase the gross national product, to promote the process of reform of the financial system. But until today, private lending is still a very controversial topic. Government administrative point of view, the private financial forces outside the system be able to divert a certain extent, social funds, impact and destruction to the existing financial system.SMEs play a huge role in promoting economic growth and building a harmonious society, its development should be taken seriously. But our financial system while filling the development of SMEs has been hampered, compared with large enterprises, financing channels, the the financing difficulty aspect SMEs at a disadvantage. SMEs have to choose the way of private lending to self-help, While this solved to some extent the development of enterprises present in the title, but in the long run, due to the lack of a comprehensive legal regulation of private lending, financing of small and medium enterprises can not be legal adversely affect the protection be enterprise development and national financial order.China now is the lack of a well-established system of legal regulation. Long-term private lending attitude of harsh suppression policy, the so-called regulatory system must be resolutely banned attitude, too efforts to control the financial the Phare control efficiency is relatively low. Therefore, to change the status of civil financial, and promote the reform of China’s financial system, private lending to become a new force of China’s economic development, a fundamental measure is to completely change the status quo on the concept of private lending, re-establish a line with the current economic situation of private lending system of legal regulation. This article Documents also in this, the current of non-governmental lending legal regulatory status quo investigation and analysis, trying to help the private lending establish basic framework of the a legal regulatory system, through the establishment of the legal regulation system of, effective supervision of Risk Control of private lending, and thus really play the role of private lending for social and economic development.
Keywords/Search Tags:private lending, financial system, financial regulation, SMEs
PDF Full Text Request
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