The Construction Of Chinese Civil Financial Self-regulatory System

In the process of transition from the planned economy system to The Chinese characteristic socialism market economic system, Chinese economic development has made great achievements. The sustained and rapid growth lets the world exclaim. The civil finance made great contribution to the high-speed increase of economy. Without a Legal identity, the civil finance is operating "underground" in the long-term. It may lay a huge risk. In order to safety, government to take stringent regulatory on civil finance, but such stringent regulation is actually equivalent to the "absence". In the current economic situation, the sunshine of the civil financial has become a social consensus; the existing regulatory model has been unable to continue. Build a more suitable specification development of civil financial regulatory system will become a challenging.In order to solve this problem, the paper will analysis the theory and practice of the civil financial regulatory, and then combine with the special circumstances of our country in transition, build a supervision based on self-discipline as the core of Chinese self-discipline of civil financial regulatory system. The author hopes that this system can promote China’s civil financial to the normative development of a possible idea. The completion of this paper maybe has some practical significance.The paper draw the following main points:the introduction of civil finance regulation will be in the public interest, but building this system need to carefully measure the implementation of the costs and benefits of regulation; the government is not necessarily to the failure of market, maybe the Industry Association of civil finance is better.Innovation of this paper is to analyze the existing financial regulatory theory, pointing out that the basis for civil financial regulation; combination of regulatory cost-benefit theory, the author analyzed the advantages and disadvantages of different regulatory models, and then the author believe that the Government regulation is not the best subject of civil financial, this view can contribute to promote the transformation of the regulatory philosophy; build self-discipline to an industry association as the core subject of private financial regulatory system, and this may can give some help to designing of Chinese civil financial regulatory system. Deficiencies of this article are, topic is too big, and limited space is difficult to conduct a comprehensive study; more superficial analysis and less quantitative analysis are lack of unconvincing.