Legal Regulation On The Community Banks In The United States Of America

In order to resolve the difficulty of financing for small and medium enterprises and change the dominance by the Chinese state-owned commercial banks,the policy which permits the entrance of private capital into private banks has been made.Chinese Banking Regulatory Commission announced the first pilot list of 5 private banks which is approved by the State Council in March,2014,with the establishment of the Zhejiang E-business bank on June 25th,2015,the first pilot banks have started operation.After two years,the five pilot banks have achieved profits by the end of 2016.The approval of private banks have stepped into the right path,12 private banks have been approved in the year of 2016,Tencent Group,Alibaba Group,New Hope Group,Suning Group and other private enterprises are enthusiastic into the private bank industry.The era of private banks have come.Nonetheless,the private banks started late in our country,the scale of the private banks are small and the anti-risk capacity is weak,in addition,the economy of our country have stepped into 'new normal state',the development of private banks face a series of legal risk danger.The public confidence doubt and the affiliated operation difficulties,the unsound legal system of marketing entrance and marketing withdraw system,the harsh competition and living space all puzzle the further development of the private banks in our country.Relatively speaking,the community banks in the USA have developed for hundred years,the external legal regulation,the operation strategy,the function positioning as well as the internal risk controlling and the corporate governance have mature experience for reference and have important implication significance for the current development of our country.