Study On The Supervision Legal Issues Of The Small Loan Companies

In the high-speed operation of the economy, worldwide are actively exploring more new financial products, hoping to open an existing form of financial monotonous situation, especially into the 21 st century, poverty remains the most countries facing long-term one of the issues. In such a context, small loan companies came into being. After the microfinance model introduced into China, its rapid development into a strong momentum, more than ten years in the country has established nearly 9,000 small loan companies. Our small loan company from the referential experience of other countries, on the basis of their specific national conditions combined to create a microcredit system with Chinese characteristics, China’s current financial model is injected fresh vitality, its shortcut, flexible, low-security features of the Midwest by poor people and small businesses across the country’s attention. From the small loan companies in China has started a pilot decade, "Loan difficult" issue has been greatly eased, and in some areas people have been lifted out of poverty status, countless small businesses in obtaining loans to save the precarious their own business, which on the one hand to promote the standardization and institutionalization of private financing, on the other hand reinforces the harmony of the financial markets at present.In this paper, the standard analysis and comparative analysis of the writing style, from the regulatory status quo as a starting point, the current small loan companies, there are some defects in the regulatory detailed analysis, and thus put forward some ideas, including the following specific articles section:The first part of a comprehensive exposition of the theory of small loan companies, small loan companies from birth to their definitions, characteristics, development prospects. This section focuses on the nature described positioning of small loan companies, and thus leads to why it needs to be regulated. This paper proposes a small loan company targeting financial institutions view.The second part, following earlier theory, combined with the specific circumstances of the country, introduced the regulatory status of small loan companies, the main problems which exist in the regulatory body is not clear regulatory responsibility; lack of formal specific legislation; risk prevention mechanism not perfect.The third part introduces Bangladesh, Indonesia, Bolivia, the United States four countries in the development of small loan companies successful experiences and learn from the experience over the development of China’s small loan company made three recommendations.The last part of the regulatory status quo for the small loan companies put forward three suggestions. The first is the introduction of a formal "Microfinance Law," followed by the CBRC as small loan companies regulatory body; and finally for the presence of small loan companies operating risk made professional training, a rich source of funding recommendations.Finally, in view of the regulatory status quo and rectification opinions we made a summary description, and make the future direction of development of small loan companies.