Research On The Development Of China Microfinance Company Under The New Normal Economy

China's micro-credit company's pilot work began in 2015,from that time to now nearly 12 years,the development of micro-credit companies face a series of problems,especially since the Chinese economy into a new state,the economy The slowdown in growth and the adjustment of economic structure have led to a gradual increase in the number of nonperforming loans of microfinance companies,a decrease in the number of microfinance companies and a reduction in loan balances.What laws the government can do to make the microfinance companies play a role in achieving inclusive financial system and standardizing private lending has become an urgent problem need to solve.This article first combs the domestic and foreign research on the microfinance company,and then analyzes the data of the central bank and the CBRC.Finally,the article summarizes the development status of microfinance in China and the development of the loan companies under the new economic situation,and summed up the problems faced by the small loan companies under the new economic situation.The ambiguity of the legal status of microfinance companies has led to the lack of supervisionl,but also led to a lack of financing channels.The lack of supervision of microfinance companies also exacerbated the imperfect internal control of the company,which is particularly evident in the context of the slowdown in economic growth.Finally,this paper puts forward some policy suggestions on the basis of the analysis of the problem.This paper argues that the legal status of microfinance companies should be defined by enacting legislation.Through the provision of large deposits and other measures to broaden the financing channels of small loan companies;Through the establishment of a sound regulatory system to prevent the occurrence of illegal business;Through the improvement of micro-credit company's internal governance structure to achieve the company's sustainable development.