中文摘要：

经济体制改革以来，民间金融作为中国金融系统融资模式的补充一定程度上缓解了民间经济主体强烈的资金需求和正规金融资金有效供给不足之间的矛盾。然而，2011年以来的民间金融危机对中国的金融体制改革提出了新的挑战，民间金融已经成为影响区域经济发展以及金融稳定的一个重要因素。因此，在逐步确立民间金融合法化的同时，合理规范民间金融活动范围、有效保护债权人和债务人的合法权益、适时降低民间金融市场均衡利率、加快完善金融服务体系、强化政府公共配套服务、积极探寻民间金融新时期发展的制度均衡点是比较现实的选择。

英文摘要：

Since the reform of economic system, the private finance, as a supplement to the financing channels of the Chinese financial system, has solved the contradiction between the huge demands of private economy for funds and the effective supply shortage of formal financial funds to some extent. But the private financial crisis since 2011 forms new challenges to the reform of the Chinese financial system, which indicates that the private finance has become an important factor to impact the develop- ment of regional economy and the financial stability. Therefore, when the private finance is gradually legalized, it＇s a realistic option to set a reasonable business range of private finance, effectively protect the legal rights and interests of creditors and debtors, reduce the market equilibrium interest rate of private finance, accelerate the improvement of financial service system, strengthen the governmental public support services, and actively explore the system equilibrium point of private finance in the new period.