The Legal Regulation Research Of Our Microfinance Company

For a long time, there is a substantial number of small and medium-sized private enterprises in our country, in order to development, these enterprises need to constantly inject funds, and the demand is becoming more and more strong. But due to these financial institutions such as Banks for loans conditions set is higher, and imbalance of financial resources allocation in China, making it difficult to get effective loans financing and it has been the core issue of restricting the sustainable development of small and medium-sized private enterprises of our country.The emergence of small loan companies not only alleviate the enterprise and some farmers financing difficult problem, and but also play an important role to enliven the region the economy and prosperity in financial markets. However, due to the autonomy is not strong, our country market too much emphasis on financial security and long-term financial repression ect, our country’s financial laws and regulations on this new financial organization are not perfect, and there are also many problems of small loan company’s regulation in existing laws, which creates a lot of difficulties to small loan companies operating, such as too many market access restrictions, loan interest rate is hard to cover operating risk, financing channel is too narrow, etc. To solve these problems, there are many successful experience in abroad and that is worthy of our learning, the United States and Japan has formed a relatively mature legal system through long-term development, and the microfinance institutions have a clear legal position; Developing countries represented by Bangladesh made great efforts to broaden the financing channels of microfinance institutions, and to allow both on the basis of respecting the rule of the market independent consultation rates, use of microfinance institutions at the same time these countries are relatively flexible and loose regulatory way to promote it’s healthy development. In China’s basic national conditions fully draw lessons from foreign experience in microfinance is proposed on the basis of the legal regulation of the recommended, must first have a clear value orientation, namely, efficiency, freedom, safety consideration, be short of one cannot; The second is to clear goals for the future development of small loan companies, namely market-based operation; Finally insisted on such a value concept and target on the basis of small loan companies in the existing problems in China under the improvement of the specific measures are put forward, so as to really play a role on the development of small loan companies. So research of China’s small loan companies law regulation has more realistic significance.