Transition Period, Non-governmental Institute For Monetary Research

The relation between financial system and economic system reduces the transaction cost of the economic sections by providing a number of services to the sections. They are the most important in providing paying way, mobilizing financial resources and efficiently allocating financial resources. The transition times, Chinese financial system plays an important role on providing paying and mobilizing financial resources. But it makes inefficiency in allocating financial resources because of the support of the state-own-enterprises (SOEs). According to the interrelation between financial development and economic development, the financial forms are adapted to the developing stage of economy. But in the transition period, the simple financial system in China can't be satisfied to the requirement of diversified economy. It is one of the reason of the Non-governmental financing.In transition period, the Non-governmental financing emerging and develop is due to pluralism of economic development-especially non-state economy and disequilibrium of regional economic development-and the policy of government controls to finance. But fast development of non-state-owned economy need more financial support and financial service, and the dual economic structure and disequilibrium of regional economic development demand to have different financial organizations and forms to serve it. The lagging financial system can't offer those financial services to them. These are main reason of emerging and development of the Non-governmental financing. In addition, the emerging and development of the Non-governmental financing also interrelates with certain culture environment, which are foundations that people choose different financial organizations and forms.Any finance needs certain capital to run. The fund supply and demand of the Non-governmental financing has its particularity under the control policy in finance. It is the important side to study the supply and demand of the funds of the Non-governmental financing. In view of the above, the author have studied the background, subject, reason and characteristic of the folk capital source in the dissertation. For the sake of avoiding duplicating to folk's fund supply, the particularity of the demand of folk fund in transition period is studied. At last, combine transition period state-owned banks describe the contradiction between supply and demand in fund and the reason are studied in condition of the state-owned financial monopoly.In transition period, the governmental controlling policy in finance and the diversified economic development produce forms of Non-governmental financing. The dissertation simply classifies to the non-governmental financial organization. According to the definition, the non-governmental financial organization will be divided into the system section and the section outside the system. And their function law and question existing are analyzed in the paper. The non-governmental financial organization in the system mainly has Countryside Credit Cooperative,Urban credit cooperative and the urban business bank established recently and rural cooperative foundation closed. In outside system, the folk free debit, folk fund-raising, hehui, private native bank are analyzed. At last, the interest rate of the Non-governmental financing in transition period is analyzed.The emerging and development of the Non-governmental financing in transition period have a important impact on economic development. In the dissertation, it is analyzed that the Non-government financing will impact on the economic reform and economic development because of the interrelation of the Non-governmental financing and market-oriented system change, the Non-governmental financing and market structure, the Non-governmental financing and financial structure, the Non-governmental financing and economic benefits, the Non-governmental financing and the system of local credit, etc. At first, the dissertation analyzed the function of the Non-governmental financing on non-state-owned economic...