民间融资的刑法制裁体系及其完善

System of Criminal Sanctions about Private Finance and Its Improvement

金融危机激化了我国民间融资活动长期积累的各种矛盾,也给刑法打击非法融资活动造成了巨大的压力。分析民间融资的法律管制模式可以发现,当前民间融资的"合法化"缺乏相应的法律通道。对民间融资行为的过度法律介入也在一定程度上凸显了刑法规制体系的无能。民间融资的刑法制裁体系,在立法层面上没有兼顾各罪之间的逻辑平衡,在司法层面上又出现了对个罪立法本意的功能性误读,因而应当全面纠偏。在民间融资整体合法化的趋势下,刑法应当充分发挥谦抑精神,避免成为扼杀民间金融创新的政策工具。应严格区分一般融资与欺诈性融资,并建立对后者的一揽子的管控措施。

The world financial crisis has intensified the long-term accumulation of various private financing contradictions,and to combat illegal financing has caused tremendous stress.By analyzing the legal regulation of private financing model,the current private financing of the ＂legalization＂ lack of appropriate legal channels.legal intervention to Acts of private finance over a certain extent highlights the inability of criminal law system.System of private financing of criminal sanctions,both at the legislative level there is no logical balance between the various crimes in the judicial level,the crime appeared on a misreading of the functionality of legislative intent,which should be fully corrective.the criminal law should give full play to the spirit of modesty,to avoid becoming stifle financial innovation policy instruments,and should strictly distinguish between the general financing and deceptive financing.