7+4 Financial institutions include microfinance companies, financing guarantee companies, regional equity markets, pawn shops, financial leasing companies, commercial factoring companies, local asset management companies and other financial institutions, and strengthen supervision over investment companies, farmers' professional cooperatives, social crowdfunding institutions and various local exchanges.
Second, analysis
7+4 financial institutions generally refer to non-mainstream financial institutions that are mainly local and professional companies. Among them, 7 refers to microfinance companies, financing guarantee companies, regional equity markets, pawn shops, financial leasing companies, commercial factoring companies and local asset management companies; 4 refers to various local trading places, farmers' professional cooperatives, investment companies and social crowdfunding institutions that carry out credit mutual assistance. The central bank said that although these institutions have been managed by local regulatory authorities, due to the lack of unified local financial supervision legislation at the national level in daily supervision and risk disposal, all parties have different understandings of the division of responsibilities of local financial supervision, and some institutions and activities are outside financial supervision. Local financial supervision and management departments also face problems such as insufficient supervision basis and insufficient law enforcement means.
Third, the overall regulatory orientation and background of financial institutions.
Because quasi-financial institutions can effectively alleviate the dilemma that the financing needs of the real economy cannot be met from formal financial institutions, the initial policy attitude tends to encourage and support. This is mainly because on the one hand, financial institutions have solved the investment and financing needs of long-tail customers in inclusive finance; On the other hand, they have all kinds of cooperation with traditional financial institutions and are widely engaged in financial business. However, the above situation has also led to the absence of supervision of "quasi-financial institutions". For example, the central bank, the China Banking Regulatory Commission and the Ministry of Commerce are mainly responsible for the operating rules of the industry, while the Ministry of Commerce, which was derived from the former State Economic and Trade Commission, is responsible for more regulatory functions.