The Research On The Supervision Of Private Finance In Linyi

The private finance has become increasingly active with the rapid development of China economy in recent years, which eases the problem of small micro enterprises and the “Three rural” financing demands, also improves the efficiency of financial market. But the illegal fund and other private finance cases happen occasionally, as a result of blindly and disorderly development, lack of risk prevention awareness among the public, ineffectiveness of government supervision, so it brings too much problems to the economic development and social stability. Therefore, the increment of private finance regulation has very important theoretical and practical significance.Now, The regulatory system of finance in China is “One central bank with Threes regulatory commissions”, which is a top-down vertical regulation and no regulatory to the private finance.Especially,Wenzhou,Odors,Yulin etc have occurred many illegal fund raisings or private lending crisis since 2011, which brought adverse effects. It is urgent to reinforce the supervision of private finance. The regional and local ties of small financial institutions can be placed under the local government supervision, which is pointed out on the national financial work conference in 2012.Wenzhou, Canton and other cities have set up finance offices, explored local government regulation of private finance. It has obtained outstanding result in the local government regulation, which is a beneficial exploration. But it also exposed many problems at the same time, such as fuzzy of regulatory authority, lack of regulation methods, inefficiency of regulation, etc.Firstly, this paper summaries the concept, types and supervision of private finance, which has affirmed positive role in promoting economic development, etc. Then it analyzes the disadvantages of private finance, especially focus on the supervision of private finance. Secondly, the development of private finance and regulatory situation in Linyi has been carried on the empirical analysis, which is from background, form, characteristics and problems. It also focus on the analysis of private finance regulation in Linyi, the measure of supervision, analysis of the current advantages and disadvantages under the supervision system. The third part is case analysis, analysis the private finance problems and regulatory experience of effective or not. The fourth part is private finance supervision experience and lessons from both at home and abroad, such as the United States, Japan, Wenzhou, Canton etc. Finally, this paper tries to put forward a set of government, industry association, social supervision and the private finance itself in the integration of four-dimensional, comprehensive regulatory model, which is based on the analysis of status and private finance at home and abroad for reference, provide decision-making reference for the private finance regulation.