Choice Of Agricultural Financial System In China

By using correlative theory and demonstration method, we did thorough and comprehensive analysis about agriculture's growing financing requirement, which decides the choice of rural finance system.Firstly, based on academic analysis frame, started with rural financing requirement, analyzed the factors that effect farmers' financing requirement, uncovered whether there is farmer's financing requirement by analyzing land system, uncovered the farmers have various requirement of both formal finance and informal finance by analyzing income restricting status, uncovered which kind of rural financial property rights system and organization form can meet the farmer's financing requirement by analyzing agricultural productivity status. Thus we did perfect academic groundwork for analyzing rural financial support, namely the choice of rural finance system.Secondly, from rural finance in narrow sense, analyzed the history and status in quo by using demonstration method, especially appraised the objection of the ongoing innovation policy design, such as property rights system, management system, "pay for the mechanism", and so on. About property rights system, analyzed the content and characters of shareholding cooperative system, then oppugned the shareholding cooperative reformation that based on the former foundation of rural credit cooperatives, and advised some new idea about rebuilding shareholding cooperative system and cooperative credit organization. About management system, especially analyzed the problems existing in the actual management mode, and then analyzed the reasons. Pointed out that irrationality orientation of government's function will bring great negative effect to the rural credit cooperatives' management system, not only in the past time, but also in the future. So, if there's nothing change in the government's function, there will be no suitable condition for the subsistence and developing of cooperative finance. With regard to "pay for the mechanism", there's lot of objection, especially in the way of financing support, such as information dissymmetry and durative skullduggery, and such objection will greatly weaken the positive prompting efficiency. By using MES theory, uncovered it is the government's institutional plan that makes the monopolization of the rural credit cooperatives in rural financial market. And because of the rural credit cooperatives' institutional monopolization, it's more difficult to realize the final goal of the ongoing innovation, which is "pay for the mechanism".Thirdly, from rural finance in broad sense, with a view to the actuality of our rural economy and finance, we researched deeply into choosing rural finance genre. The conclusion is that efficiency and fairness are not conflict in our socialism market economy. Furthermore, they'll get improvement by amalgamation. When they get equilibrium, the efficiency and fairness will both get the crest, and such equilibrium should be the base point of choosing the rural finance genre. Based on the characters of the ongoing rural credit cooperative reformation, it is necessary to do some new reconstruction, and such reconstruction of rural credit cooperative should be the important base of founding our rural finance system. Through discussing the formal rural finance and informal rural finance of our country, pointed out that harmonizing the development of both formal rural finance and informal rural finance should be arranged in the found of our rural finance system. Through analyzing the exterior circumstance that restricting the development of our rural finance, pointed out that perfecting exterior circumstance, such as revenue and rate policy will be the important guarantee of both realizing effective rural finance supply and perfecting rural finance system.