Research On The Financing Of Private Bills

In China,the issuance and transfer of bills belong to the exclusive business of banks.The law limits the financing function of negotiable instruments to a very small extent.At the same time,affected by the "loan-giving" behavior of commercial banks,some companies have a large number of private paper financing activities beyond the legal limits in order to achieve the purpose of financing.It is especially popular in economically developed areas.Private paper financing has certain market demand,but it is obviously contrary to the existing legal system.Based on the theory of negotiable instruments' s non cause,this paper takes the nature and existing reasons.It has brought great challenges to China's bill market and related legal system.Based on the non-causal theory of bills,this article takes the nature and existence of folk bill financing as the starting point,and analyzes the rationality,existing problems and challenges to the current law of folk bill financing.By drawing on the development experience of developed countries(regions)bill financing markets,I tried to propose legal regulations to deal with the issue of private bill financing in China,with a view to providing a theoretical reference for the solution of this problem.