随着我国经济的发展与改革的深化，民间金融这一经济行为引起了越来越多的关注。本课题拟立足我国经济与金融实际，以民间金融行为为核心，构建从动因到治理路径的理论分析框架，对这一热点问题进行系统而深入的研究。课题拟采用理论研究、实地调研、案例研究、大样本实证分析多种研究方法，首先对目前我国民间金融的运作进行全面描述，在此基础上，对民间金融发展的正式与非正式制度动因进行分析，由此解释各地区民间金融发展差异显著的现实；课题还将进一步分析民间金融与正规金融的互动关系以及作用路径；最后将在充分认识动因的基础上，对民间金融治理和规范的有效路径进行评价与预测。本课题在理论上可以为民间金融这一主题的相关研究提供新的分析框架与实证证据，同时丰富了法与金融、金融市场发展与治理的相关文献；在实践上加深各方对于民间金融的认识，回应民间金融发展实践的需要，也为政府和监管部门控制和监督民间金融，制定相关的政策提供理论参考。

With the development of economy and deepening of reformation in China, informal finance has attracted more and more attention. Based on the economic and financial reality of China, this research project will conduct research on this hot issue by constructing a framework which centers on informal finance with analyses on driving forcesand governance instruments. The project will employ various research methodologies such as theoretical analyses, spot investigations, case studies, and empirical analyses with large samples. This project will first provide comprehensive description on the operation of China's informal finance. Withsuch description, the project will identify formal and informal institutions affecting informal finance behaviors, to explain the significant difference on development of informal finance across different regions. The project will further investigate the interaction between formal and informal finance systems, and through which channel they interact with each other. Finally, the project will evluate and predict the effectiveness of governance instruments of informal finance, based on the sound understanding of its driving forces. From theoretical perspective, the project tends to provide new analytical framework and empirical evidence to the current literature on informal finance, and complements the literature of law and finance and financial development and economic growth. From practical perspective, the project could enhance the understanding on informal finance, respond to the development of informal finance, and provide reference for authorities to better control and monitor informal finance market, and make properpolicies.