| The thesis is focused on the theory and standardizing development of agricultural policy-based finance (APBF) and the problem of the agricultural policy-based finance of China with the methodology of positive analysis.The objects of the study are that (1) the main problem of the agricultural policy- based finance of China lies that its performance is not consistent with the standard; (2) from the analyses of the information economics theory and the poor-quality agriculture and the relation between the reform of our finance and the APBF, the theoretical basis and necessities of developing our APBF are revealed; (3) in the developing process of our APBF, we can see that APBF and its performance do exist in national economy, especially in agriculture and agricultural economy;(4) compared with foreign institutions of APBF, the status quo, problem and its cause and influence of APBF of China are examined, and then the countermeasures are put forward.The structure of the study is as follows: Chapter 1 introduces research background; Chapter 2 gives an overview of theoretical framework while chapter 3 is a comparing analysis of foreign APBF; Chapter 4 is the history, development and problem of our APBF; Chapter 5 shows the cause and influence of our APBF' s problem and the institution mode of our APBF is explained in chapter 6; Chapter7, 8 and 9 analyze the operation mechanism, supervision mechanism and development strategy of our APBF respectively; The last chapter gives conclusions and policy applications.There can be two interpretations for so-called "finance" on broad and narrow sense respectively. Finance on narrow sense is for financing activities subjected by finances accommodation and money management, and the broad one is for all the economic activities of social economic subjects concerning money, capital, credit, and security. The APBF is a special financing activity, and it is formed by government and based on the credit of state. The main purpose of APBF is to match the state agricultural policy and provide finances accommodation so as to improve the rural economy and the living standard of peasants.The theoretical basis of APBF lies in the accomplishment of the reasonable allocation of social resources. The APBF can be characterized in eight aspects: policy -oriented operation, non-profitabletarget, specified domain, stability of economic resources, favorable charges, certainty of compensatoryinterest, complementary with commercial finance, specialty in regulation.Under the guide of theoretical framework and with the comparison with foreign APBF institutions, we can explains the theoretical basis at large:(l) As a developing country, the saving level is low in rural area and capital for investment is scarce so that finances can't be allocated by market fully when the agriculture protect strategy is applied. The APBF institution supplys low-interest loan which is a selective credit supply method to avoid it; (2)Taking advantage of the function of the "adverse selection", APBF can be developed to solve the problems such as scarcity of agriculture information, unsymmetrical information and scarcity of long-term capital. The APBF institution has business ability and policy information advantages in censoring, so the loan policy may have "inductive effect" on commercial financial organs; (3) Agriculture and rural economy are confronted with many puzzles and challenges, and the poor-quality condition of our agriculture has not changed for a long time. It can be explained that we have not made full use of our economic and financial instruments and that the scarcity of finances has been in such a high level. Combined with policy and financing, APBF is the most suitable choice for government to protect agriculture; (4) Developing APBF is in need of deepening of the reform of financial system. Elaborate-function and well-operated APBF institution will be beneficial for Central Bank to be a real Central Bank, for state-owned commercial banks to become genuine business financial institutions a...
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