Research On The Development Of Informal Finance For Henan Province

May25,2005, the People’s Bank of China released the "2004China’s regional financial operation report, the first official recognition of the legitimacy of private financing, and its positioning as a supplementary force of the formal financial. March28,2012, the State Council announced the establishment of a comprehensive financial reform experimental zone in Wenzhou government legalization of private financial, sun, standardization is a very big policy advances. The establishment of the pilot area not only for the overall economic development of Wenzhou new strategic arrangements, help to solve the outstanding problems in the economic development of Wenzhou, is also of great significance to the development of the nationwide deepen financial reform and private financial. Populous province and a major agricultural province, Henan private financial exist in the majority of urban and rural areas, a huge scale. Private finance for private small and medium-sized enterprises and farmers to provide financial support to promote private enterprise and agricultural development, to make up for the lack of formal financial deficiencies. Private finance has been in the national macro-control and financial supervision, there is no existing law to be protected. Private finance has been in a state of underground activities, many criminals by private lending banner, engage in illegal activities, while private financial and loan-sharking and illegal fund-raising equivalent to strict control by the regulatory authorities, seriously affected the normal of the private financial development. Therefore, to correctly deal with the private financial problems, to guide and regulate the inclusion within the scope of national regulatory of its sun, standardized and legalized.First, from the concept of private finance to start, has defined the concept of the private financial and clearly private financial and loan-sharking, illegal fund-raising distinguish. The Private Finance and formal financial difference, as well as the main form of private financial and private financial development in Henan Province reason. And detailed analysis of the present situation of Henan Province, the development of private financial. Through questionnaires, visits, discussions, private financing situation in Henan Province in-depth analysis. At the same time, the international financial crisis, the stage model of private finance in Henan Province-Zhengzhou mode. Private financial characteristics analysis of survey data. On this basis, explores the active role and presence of private finance to economic development brought a variety of issues. And the use of empirical analysis to draw private financial contribution to economic development, Finally, Henan Province, the development of the private financial trends and policy recommendations.The international economic crisis, the private financial development in Henan Province experienced a contraction period of rapid expansion of from08to10years by2011. Henan Province by private financial in ease "three rural" and the funding needs of SMEs, promote the development of non-public ownership economy play an important role, while private finance has played an active role to promote the economic development of the Central Plains Economic Zone, but its organization and operation exists in the way problems and risks should not be overlooked. For private financial development and reform in Henan Province, to promote economic growth and financial stability on the basis of correct understanding of private financial dialectical view of the problem, the need to strengthen control rather than strict suppression, in order to guide and regulate the private financial with legalization, standardization, and the sun in the direction of development.