A Research On The Improvement Of The Legal System Of Micro-loan Company

Since2005, People’s Bank of China began to promote commercial microfinance since the pilot, small loan companies as an innovative form, mainly in the low-income class object for the service to urban and rural low-income individuals, small business owners and other micro-payment short duration, the amount of small, mainly used in the production and business activities of the microcredit. The establishment of small loan companies, for private capital flows and private financing has the correct guiding role, regulate the financial market order, and is conducive to the healthy and stable development of the financial market.Small loan companies have a smaller loan amount, the borrower in the form is simple, the program is relatively loose, both commercial and nonprofit dual attributes, etc., but because of China’s development in a relatively short time, the relevant system is not sound, during operation exposed many problems, especially with regard to the legal system of small loan companies building large gaps exist in the relevant company legislation, protection of operating funds, operational risk management, regulatory framework, administrative intervention and other aspects of corporate governance is imperative to establish, improve relevant legal system.It is therefore necessary analysis of the small loan companies through the connotation and characteristics, analysis of small loan companies and legal status of the development process, summed up China’s small loan companies existing problems and root causes, and through foreign mature microfinance the introduction of the system, compared to tap its successful experience and perfect the legal system of small loan companies referential significance, from the establishment of a sound microfinance laws and regulations, financial institutions, small loan companies a clear legal status, strengthen the functions of supervision, reduce administrative intervention improve the governance structure of small loan companies and other aspects, to further improve the legal system of small loan companies, in order to promote our company’s long-term health of microfinance development.