On Interest Rate Regulation of Chinese Private Lending

ZHANG Shipeng

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On Interest Rate Regulation of Chinese Private Lending

1卷第1期

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On Interest Rate Regulation of Chinese Private Lending
On Interest Rate Regulation of Chinese Private Lending
East China University of Science andTechnology
2017年1卷第1期页码：85-98
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ZHANG Shipeng. (2017). On Interest Rate Regulation of Chinese Private Lending. 商事法律评论（英文版）, 1(1), 85-98.

ZHANG SHIPENG. (2017). On Interest Rate Regulation of Chinese Private Lending. Journal of Commercial Law Review, 1(1), 85-98..
ZHANG Shipeng. (2017). On Interest Rate Regulation of Chinese Private Lending. 商事法律评论（英文版）, 1(1), 85-98. DOI：

ZHANG SHIPENG. (2017). On Interest Rate Regulation of Chinese Private Lending. Journal of Commercial Law Review, 1(1), 85-98.. DOI：

摘要

Abstract

China s and relevant judicial interpretations have stipulated the current annual interest rate ceiling for private lending in China is 24%

and the interest in the 24% - 36% can be performed voluntarily by the debtor. However

there are many defects in this standard. As a legal norm

it has not been universally observed in practice. The reason is that this standard aggravates the difficulty of financing for the small-and-medium-sized private enterprises in China

and on the other hand

it sacrifices the initiative of the judiciary. From the comparative method

there are two ways to regulate the interest rate of private lending in different countries: one is to regulate the mode of interest rate ceiling

while the other is to identify the free mode of interest rate determined by the main market players. China s current regulation method belongs to the former one. Nevertheless

China should take the following three aspects in to consideration: conforming to the development trend of the regulation of the interest rate of private lending

balancing the value demands of anti-usury legislation

and giving consideration to the reality of China. Furthermore

the relevant legislation of China s private lending should eliminate the interest rate ceiling

increase the judicial review of individual cases

and regulate private lending with the mode of free interest rate.

关键词

Keywords

private lendinginterest rate ceilingregulation modefree modejudicial review

references

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