Research on the Legal System Construction of China's Informal Financial Market Access

DOI

10.2991/seiem-16.2016.49How to use a DOI?

Keywords

informal financial market, market access, operating standard, examination and approval system, filing system

Abstract

China's current legal norms of informal finance is lacking in system, in which the absence of the market access system is one of the distinctive features. To construct China's informal financial market access legal system, and tackle the existing problems in the informal financial market such as the basic legal gaps, the lack of regulatory basis and the chaos of the market order, this paper discussed approaches of reforming informal finance regulation and existing key regulation mode of suppressing informal finance, and systematically constructing the informal financial market access system. The informal financial market has various entities, so the access system should be designed by distinguishing the market entity types so as to match the risk level, the external effect and the social influence degree of different subjects. On the basis of the standards of operation, development degree and stakeholder, this paper points out that the market access should be composed of examination and approval system and filing system, and it should set up exemption clauses for approval and filing.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xiaozhi Hu
PY  - 2016/12
DA  - 2016/12
TI  - Research on the Legal System Construction of China's Informal Financial Market Access
BT  - Proceedings of the 2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016)
PB  - Atlantis Press
SP  - 193
EP  - 197
SN  - 2352-5398
UR  - https://doi.org/10.2991/seiem-16.2016.49
DO  - 10.2991/seiem-16.2016.49
ID  - Hu2016/12
ER  -