Research On The Supervision Of Micro - Credit Companies

After more than 30 years of years of reform and opening up, our country folk accumulated a large amount of capital, and form a business with great potential for capital market, but the development of the folk financial in our country is relatively lagging behind. Microfinance Company has not highly normative as a part of the folk finance, and it is for financial institutions has been controversial. It makes the regulatory agencies cannot clear, regulatory responsibilities are difficult to put in place, and severely fettered the development of Microfinance Company. How to go to legal supervision and management effectively of rapid increase of Microfinance Company, promote the development of Microfinance Company good, became a difficult problem in front of decision makers.The Guidance about the Microfinance Company jointly issued by the people’s bank of China and the China banking regulatory commission in 2008, has stipulate the mode of Microfinance Company, the method of establishment, the main business, the target group, supervise, dissolution and liquidation. But not make a clearly defined of the nature of Microfinance Company and lack of a specific system design on the regulation of main body, content, measures. It produced a series of regulatory problems in the development process of Microfinance Company.In this paper, I try to analysis the legislation survey of the Microfinance Company at present, the supervision situation and the existing legal issues by using the existing theory of knowledge. The compiled experience worthy of learning in our country,pointed out the relevant administrative regulations, special regulations, based on the situation of our country, and draw lessons from international successful experience of regulation, in order to perfect the supervision legislation of small loan companies;Clear the regulatory body of the Microfinance Company under the premise determining the Microfinance Company as “non banking financial institutions” nature;Build system of information disclosure; Included in the credit system to strengthenmicrofinance companies risk prevention. From the above four aspects, clarify the relevant legal issues, in order to improve the system of the existing defects.The fuzzy definition of the legal nature of the Microfinance Company is the bottleneck of restricting its development. So the key highlight is suggested of giving the Microfinance Company the legal status of non-bank financial institutions in the future development in the process across the main window, and then relevant the corresponding legal problems. At the same time, establish and perfect the supervision system, guarantee the sustainable development of the Microfinance Company.