Study On The Government Regulation Of Microcredit Company

From the enactment of “Instructional advice on pilot microcredit company” in 2008 till now, microcredit company has been booming in the country, and government's way of guidance and effective supervision have been widespread concerns in the community. The establishment of microcredit company has eased financing difficulty of grass-roots economy to a certain extent like “three rural issues” and small business, etc., thus to seek appropriate regulatory regimes is of great significance. However, to study issues of government's institutional supervision and essentials, the relation between government and market, limits of government intervention, and the necessary services and so on, enable this study with theoretical significance.Using literature research, comparative analysis, case study and interview methods, based on theories of government intervention and service-oriented government theory, through the in-depth study of government supervision of microcredit company in Nantong, this article, learning from foreign experiences and lessons of supervising microcredit company, suggests that government regulation ought to possess two core contents of “regulation” and “service”. Necessary regulations enable microcredit company to stay on track and to keep sound development, and appropriate services enable microcredit company to enhance vitality and sustainable management. Simultaneous efforts can finally realize the original intention and established goal of setting up microcredit company.As to issues of uncompleted institutional guarantee, unreasonable regulatory content and superficial public service and so forth actually occurred in supervision of domestic microcredit company, this paper suggests to better in the following several aspects: firstly, improve the top design of supervision of microcredit company; formulate relevant laws; make clear property of non-bank financial institutions of microcredit company; further optimize the organization structure of regulating microcredit company. Secondly, to reasonably select the regulatory mode of microcredit company; implement compliance monitoring in terms of “credit-only” microcredit company with non-prudential regulation and continue to strengthen supervisory role of self-discipline at the same time. Thirdly, continuously strengthen policy incentives and public services; lead microcredit company to be based on its own; dislocate formal financial institutions such as banks; identify their own target customers; play the role of capillaries as to finance; serve the grassroots economy.