Legal System Research Of Small Loan Companies In China

Small loan companies(hereinafter referred to as ‘small loans') as the mainstay of our current Private Finance, with the support of the ‘three rural' small and micro enterprises and economic development has played an important role. However, as China's vigorous development of small loan companies, many legal status, operating rules, the regulatory system and the exit mechanism of the legal system has become increasingly prominent, seriously shackles the pace of small loans for sustainable development. However, the Non-deposit lending organization Ordinance(draft)(hereinafter referred to as the Organization Regulations) the introduction of a beleaguered small loan company opened a new situation, ‘Organic Act" from the operating rules and regulatory systems, etc. aspects of small loan companies the legal restrictions on deregulation, but in small loan company legal status and exit mechanisms are still lacking.Therefore, it should be based on Organization Regulations on small loans to our legal system further improved. First, we must define the legal status of small loans of non-bank financial institutions, and to coordinate the provisions of conflict-related legal documents. Secondly, the further liberalization of legal restrictions on small loan company operating rules, providing a more relaxed external conditions for sustainable development. Third, the small loan companies under joint coordination between central and local regulatory approach to enhance the regulatory effect. Finally, in the small loans market exit improve the laws and regulations under the premise of the development of specific, unified market exit procedures, and reasonable conditions of restructuring to adjust and improve the small loans companies exit mechanism.