Research Of China’s Consumer Finance Development

Along with the steady improvement of China’s economy and people’s living standards,Credit consumption demand is gradually exuberant, this new model in our troops. In January6,2010, the CBRC approval to build China’s first Consumer Finance Companies, has openeda new chapter in the development of China’s consumer finance. Long-term since, theeconomic development of our country too dependent on investment and external demand,while domestic demand has always been sluggish, the consumer finance will be to promote adomestic demand.Consumer finance has had several hundred years history in the foreign countries, andproduced a huge role in promoting the economic. So, what is the real connotation ofconsumer finance, what is the theory basis of the development of consumer finance in ourcountry,and what are the significance of its healthy development, how does our country’sconsumer finance development status,what problems exist, what are the factors that affect ourcountry’s consumer finance development? For several aspects of the problem, this papermakes a systematic exposition of consumer finance, through analyzing the definition andcategory of consumer finance,finally get the generalized definition is to meet consumerdemand for short-term and long-term financial service and arrangement;then, in order tofurther explore the theoretical foundation of consumer finance and the practical significance,on the one hand using the consumer economy theory and consumer finance theory to explan,on the other hand, combining the reality of our country, analyzes the significance to ourcountry; secondly, this paper introduces the development status of China’s consumer finance,and the key point is to find problems in the process of China’s consumer finance development,in order to solve; the next section, this paper applied the association positive cointegrationregression and error correction model estimation to analysis of the factors that may affect thedevelopment of China’s consumer finance, finally reached the significant factors is the levelof per capita consumption,savings deposits accounted for the proportion of GDP, industrialoptimization and per capita GDP; finally, combining the conclusions of above analysis, putforward the corresponding suggestions on the development of China’s consumer finance.