Since the publication of “Opinions on Promoting the Standardized Development of folk financing”， folk financing industry in Shandong has gradually formed scale after six years of development. At present， the development of folk financing institutions are characterized by stable number of institutions， increasing registered capital， wide development gap between various cities and gradually standardized local supervision. Analysising from the operation of folk financing industry， the investment of folk capital management agencies continue to increase.But folk capital management institutions also have problems of poor operation capability and illegal operation.Folk registration service institutions have increased their funding. On the whole ，there are some problems in Shandong folk financing institutions，such as high proportion of debt investment and short-term financial investment ，high operational risk and incomplete information disclosure. In view of the above problems，this report puts forward suggestions such as giving full play to the flexible advantages of folk financing institutions，building folk financial gathering areas， strictly controlling financial risks， and strengthening the construction of credit system， so as to continuously promote the healthy development of folk financing.