The Reaserch On The Risk Prevention And Control Of Rotating Savings And Credit Associations

Rotating Savings and Credit Associations(ROSCAs)as a kind of folk financing means, it has been developed for a long time, either countryside or cities. It was rooted in the ordinary people's daily life, and fill in the formal financial system in meet the demand of the public funds lack of flexibility. However, ROSCAs was born in folk mass, there is a natural "grass-roots finance" had a natural defect. Related to domestic law for ROSCA in a fuzzy state, government departments also had not practical policy response, contains a huge financial risk. In recent years, the MinDong "ROSCAs collapse " event lasts, From 2004 the national well-known "ROSCAs collapse " event to 2011 FuDing "ROSCAs collapse " event and to the outbreak of the JiaoCheng "ROSCAs collapse event. In recent years, not only made a huge economic losses, but also affect the whole social stability. Facing with the situation of MinDong "ROSCAs collapse ", timely put forward targeted risk prevention and control mechanism, better use of ROSCAs in the positive role of economic development, reduce the negative influence of ROSCAs as the present is an urgentneed to crack the problem. The paper choose ROSCAs in MinDong area as the research object, through literature research, case analysis and survey methods, combined with the typical regional standard operation and risk prevention of experience, the present situation of the research of MinDong ROSCAs, it is around the existence of risk factors, and puts forward some corresponding countermeasures and suggestions.