Abstract: Recently,Chinese shadow banking system is developing quickly,and it raises the social financial efficiency and makes up the financial market developing insufficiency,at the same time,it brings risk and challenge to financial supervision and monetary policy.So regulating and developing shadow banking system and making using of it for Chinese economic developing is a very important project in the research and practice financial field.The paper points out there is a historical necessary for the Chinese shadow banking system incuring and developing through comparison between American shadow banking system and Chinese shadow banking system.And we should consider the developing stages and special characteristics of Chinese shadow banking system on the basis of the advantage and disadvantage of shadow banking system,establishing perfect statistical analytical system,constructing the shadow banking system supervision policy frame and facilitating the commericial bank transation,to develop the Chinese banking system.