| With the aggravated inflation and bank tightened monetary policies in recent years, the channel for small and medium-sized enterprises and farmers in Sichuan province to obtain funds from formal financial agencies is narrowing, and the informal financial market is increasingly prosperous therefore. As the important complement to formal finance, informal finance has deepened into all aspects of economic activities with its universality, flexibility and convenience and became the major force of supporting private enterprises and rural economics in Sichuan. In order to promote Sichuan informal finance to develop positively, it is of great necessity to guide and regulate its healthy operation. However, the research achievements on informal finance in Sichuan province are currently very little, almost in blank. This paper not only fills the academic gap, but also provides significant guidance and intellectual support for the informal financial standardization and economy sound development in Sichuan province.This paper, on the basis of on-the-spot investigation data of 16 cities and 21 counties in Sichuan by the People's Bank of Chengdu Branch, summarizes the forms and applications of informal finance, cost of capital, and its loan period with deep analysis of the existing problems, affirms its great significance on promoting Sichuan economy, and presents some countermeasures on guiding and regulating the development of informal finance in Sichuan province. The paper holds that it is necessary to improve the institutional environment for informal financial development in Sichuan, encourage the establishment of various forms of civil financial institutions and a special supervision and administration mechanism, establish and improve the relevant insurance, credit guarantee and risk security mechanism, meanwhile, speed up the market reform of interest rate. Thanks to above-mentioned measures, informal finance will better promote the economic development in Sichuan. |
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