关键词: 金融创新,异化,非正式金融,利益诉求

Abstract: To have a panorama scanning of the generate path of local financial disassimilation can not only help to analyze and resolve the plight of local financial development but also help to achieve a breakthrough in the development of local finance. The disordered development of China’s financial industry is the result of the deviation of China’s actual economic status from the expected economic status. The lack of China’s mainstream financial functions is resulted from the anomy of fiscal decentralization pattern, the disorder of private capital regulation and the imbalanced development of the financial structure. The economic transition, the financial game between central government and local governments and the interest demands of all parties also contribute to the realistic context of the financial disassimilation. At present, China still has huge needs of investment and financing, which are not digested by the market; these needs can reflect the interest demands of the government and the market. The financial laws in China have not formed a well-ordered path regulation for the informal finance, which is always seeking law-free interests and unlawful interests while narrowing the supply-demand gap between the government and the market. Thus it can be seen that the regulation and adjustment of private finance need not only the improvement of the financial legal system and related supporting systems, but also the rational distribution of the central and local finances.

Key words: financial innovation; alienation; informal finance; interest demands