债权类民间融资演化为犯罪的制度动因及其防范

The Analysis of Institutional Reason and Prevention from the Private Finace to Illegal Fund-Rasing Crime

各地民间借贷风波与非法集资类案件的频发日益困扰着我国民间金融制度的正常发展,继而影响到中国金融体制改革的进程。对于这种内生性的融资行为缘何转化为犯罪行为,厘清其界限,并进行制度分析显得尤为重要。金融抑制政策、法律规定的不健全、法律责任体系的不完善等一系列制度诱因,导致中小企业融资难、民间资本投资渠道的不畅通,继而从外部诱发不正当民间融资行为的产生。故而,需要明确民间融资的法律地位、厘清监管边界、健全法律责任体系,从制度上变打击为预防。

China private finance system＇ s normal development is troubled by the constant expansion of private loan and illegal fund - raising, thereby affecting China＇ s financial reform process. For the endogenous financing acts, why translating into crimi- nal behavior, clarifying their boundaries and institutional analysis are particularly important. A series of institutional incentives, financial repression policy, the law＇ s imperfect, imperfect liability system, led to SMEs financing＇ difficult, and that private capital investment channels are not blocked, then cause improper private financing behavior generation from external. Therefore, clearing the legal status of private finance, clarifying the regulatory boundary, and improving the liability system, it would be-come more critical from the combat system to prevention.