The Explore Of Legal Regulation Of Our Informal Finance

Informal finance has a long history in our country,and in different economic development stages and with different national policy,it would develop at different speed.As our economy has enter into a golden period since the reform and opening-up policy.The pace of economic growth has drawn the worldwide attention,which leads to a higher demand for investment.Our formal financial system is characterized by its high standards for investment,which clearly can't satisfy the needs of the market.As a result,informal finance has been popular with people because of its flexible forms and covenant-lite loans,and has been developed quickly.It contributes a lot in support of the development of small and medium-sized enterprises in our country.Now,informal finance has become an indispensable part of our financial markets an important complement to our formal finance.This paper analyzes and studies the problems of the legal regulation of our national informal financial laws in the legal system.which is intended to create a good legal environment for the development of informal finance and then guide informal finance to develop healthy and orderly.This paper firstly outlines the context of informal finance,followed by an analysis of the development and status of our national informal financial regulation.Then it explores the outstandingachievements of informal financial regulation outside our mainland.Ultimately it gives some suggestions to perfect our national informal financial regulation.The first part outlines informal finance,which defines the concept of informal finance.Then it categorizes informal finance from the aspect of organizational forms,the standards of operation,its degree of development,and so on,paving the way for subsequent discussion of its legislation and supervision.The article then carries out a functional analysis of informal finance,highlighting the importance of the regulation of informal finance.The second part is an analysis of the current situation of our informal finance's legal regulation.Firstly it outlines the development of our informal finance's legal regulation.And then based on the status quo,it analyzes the existing problems in its legal status,supervision system and legal liability,in order to develop an effective cure.The third part introduces the outstanding achievements of the practice of informal financial legal regulations in foreign countries or other areas of the region,and then analyzes our inspiration from the aspect of legislation,specific regulations and supervision.The fourth part is the main part,which is a proposal to perfect our informal financial legal regulation.It firstly points out the necessary of improving the legal basis.Secondly,it gives suggestions on regulatorysystem from the aspect of regulatory authorities,regulatory purview and supervision contents.And then it offers some relevant supporting measures,such as,the establishment of a informal financial credit investigation system,the promotion of co-operation of the formal finance and informal finance,and the institutional construction of the transformation from informal finance to micro form of formal finance.