The Study On The Government Supervision Of The Private Lending In Wenzhou

With the continuous development of the economy and society,the financing form of private lending is increasingly favored by the people.As a traditional financial activity,private lending has a certain positive significance for economic and social development,and it can effectively make up for the shortcomings of formal finance,especially for private SMEs,which can provide important financial support.However,in the realities of inadequate laws and regulations,relatively lack of government supervision,and difficulty in monitoring the flow of private funds,chaos such as usurious loan,illegal fundraising,and malicious collections continue to occur,causing a series of social problems.Which has seriously affected social harmony and stability.In particular,in the context of the rapid development and popularization of Internet technology,private lending is rapidly becoming networked,and the risk characteristics of private lending have changed from the local and regional nature of traditional folk lending to global and systematic lending.The issue has received extensive attention from people.Strengthening the government supervision of private lending has become a hot topic in the current theoretical circles,and it is an important challenge facing by local governments at all levels.In the current theoretical and practical background,this paper takes Wenzhou as an example.The purpose of this paper is to analyze the implementation effects and problems of Wenzhou's private lending government supervision measures,analyze the causes of the problems,and countermeasures to further strengthen Wenzhou's private lending government supervision.This paper is divided into six parts.The first part mainly introduces the research background and significance of this paper.It analyzes the domestic and foreign literature on private lending and proposes research logic and research methods of this paper.The second part mainly explains the conceptualunderstanding of private lending and the supervision of private lending.Which includes the analysis of the characteristics,the methods of private lending supervision,and the analysis of the government function theory,financial suppression theory and financial risk theory involved in this study.The third part mainly analyzes Wenzhou's private lending profile,including the scale of private lending and the interest rate of private lending.This part focus on the analysis of the current Wenzhou private lending in the form of usury lending,fund-raising fraud(such as P2P),and moral hazard with mutual funds.The fourth part mainly combines the current work measures of Wenzhou's private lending government supervision,including the promotion of private lending legislation,the establishment of government regulatory framework,the implementation of a "grid" regulatory model,and the use of financial technology.The fifth part is mainly to address the problems and deficiencies in the current Wenzhou government's lending supervision.It proposes countermeasures and suggestions from four aspects: sound supervision and legal protection,clear supervision authorities' authority,strengthening supervision coordination and strengthening supervision force allocation,etc.The sixth part is the conclusion of this paper.In order to rationally guide and regulate the healthy development of Wenzhou's private lending,government supervision must be continuously strengthened,and legal compliance,and coordination must be fully reflected,and multilateral forces must be fully mobilized to make private lending governments supervision becomes a standardized government administrative function.