Private Lending has existed for thousands of years in our country, which has widely existed in the world, either. In recent years, as the private loans are broaden in scales and in varied forms, the private lending plays an irreplaceable role beyond the financial institutions, at the same time, it meets the needs of the masses of temporary financing and supports the development of the SMES. But because of not forming an unified and clear regulations, especially not giving a reasonable position to private lending in China, disputes bout private lending increased and financial risks are also frequently. In order to make private lending rule by law and promote the private lending development normative and healthy, we need draw on the experience of here and abroad to strengthen legislation of private lending in the future. In the meantime, we should focus on the establishment of private lending regulatory system and the relevant supporting system, and also should crack down on usury. |