After acting the Bankruptcy Law of Enterprise in the PRC, it is urgently needed for legislative body to acting the Rule(Tiaoli) of Bankruptcy of Financial Institution in order to remove the financial institution from market according to law and order by acting other law which is related to bankruptcy of financial institution, and which is independent and more strong. The rule must be for a purpose of ensuring safety of finance and of promoting development of finance. The rule also must rule the scope of financial institution, the subject of application of bankruptcy, precedent procedures of bankruptcy, an administrator in bankruptcy, bankrupt adjustment, speciality in the method of distribution of assets in bankruptcy, investor protection fund etc.