Nongovernmental Financial Crisis And Governmental Supervision

Throughout the economic development of more than 30 years, the private economy in China from germination to flowers blossom, has become the vanguard of forces in our economy. As the front position of the reform and opening up, Wenzhou successfully walked out of a way to adapt to the development of private enterprises to grow the road; and injected fresh blood into the development of regional economy. However,the lack of financial supervision, the lack of legal system and the lack of market subject make various cases of civil finance, especially after the financial crisis of 2008,Wenzhou boss "run" incident and illegal fund-raising case are not poor.On the one hand, the financing difficulties of SMEs, in the formal financing channels are blocked to informal financing channels, on the other hand, in the informal financial channels, the government in a vacuum is bound to seize the opportunity to enter, triggered regional social unrest. Combined with the current economic downward pressure,the enterprise production and operation difficulties, various kinds of non-standard private financing intervention, the risk accumulation in the folk finance, the problem is increasingly prominent.In this paper, based on several case studies across age were reviewed,mainly discusses the occurrence of the event and the consequences,Mainly to get a conclusion that, although the time of the two cases are far apart, at different time background, but also has the commonness of doping. For the storm itself, the 20th century, 80 years, the performance of the cultural quality is not high, "the Lord" affects the "members" of the nerve; to 2011, the amount of money flow and the scope of the growing,storm and the continuation of the chaos of the last century, the performance of the enterprise "bankruptcy" and business owners "run".For the government, the role of government management has not been fully reflected with the financial system is not perfect, let the community free flow of funds free flow. Before the case, the government played a catalytic role, after the play is the role of managers, seems to deviate from the service-oriented positioning.The purpose of this paper is to through the case analysis to find the common characteristic in the folk financial turmoil, and the positioning of the government, to further promote the reform of financial market,encourage and guide the healthy development of private investment and financial ecological environment.