The Effect Evaluation Of Rural Credit Cooperatives Property Rights Reform

Rural credit cooperatives(RCCs)is one of the formal financial institutions and plays an important role in the rural reality problem in a long time,which is solving the difficult rural loans,increasing the slow farmers' income and developing the modernization agricultural.The state council issued the deepen reform pilot program of rural credit cooperatives in August2003,this program required that the central and local government should reform the rural credit cooperatives according to the principle of clear property right relations,strengthen the constraint mechanism and the service function,national proper supportment,government responsibility.Since then,a new round reform of rural credit cooperatives officially open,what is the core of reform is to actively promote shareholding system.It is not hard to find that the reform is effective,which is the ice-breaking in the rural financial system reform and has iconic value in the development of RCCs' transformation and sustainable.At the same time,how to evaluate the evaluation of rural credit cooperatives has been debated in the academic field.Therefore,building a scientific evaluation system and effectively evaluating the evaluation of rural credit cooperatives is particularly important.The effect of rural credit cooperatives reform such as assets,the management ability is obvious in Shaanxi province,which is higher than the national average in the first deepen the reform pilot area after 10 years of reform and development.Based on reviewing the literature related to rural credit cooperatives and its evaluation at home and abroad,the author builds the evaluation system and analysis framework,summarizes the evolution course,evolution characteristics and current situation of the developing rural credit cooperatives,evaluates the evaluation of rural credit cooperatives from the efficiency and its convergence,capital adequacy ratio and its influencing factors,inclusive finance and its influencing factors.Then,the internal root and external cause are explored in view of the disequilibrium problem of the evaluation of the RCCs reform in Shaanxi province.Finally,the overall strategic plan are putforward to promote the development of rural credit cooperatives,as well as the corresponding policies,suggestions and countermeasures,which is operable and forward-looking,and conform to the development of Shaanxi local characteristics has an important theoretical significance and practical significance.The mainly research conclusions in our study are as follows:(1)Based on measuring the efficiency,TFP and convergence under the constraint of non-performing loans,the results show: the static efficiency has improved and dynamic TFP has a high growth during the period on the whole,the difference of efficiency and productivity in different areas and forms of property rights is obvious.RCCs have a lower static efficiency than Rural Cooperative Banks(RBCs)and Rural Commercial Banks(RCBs),but its productivity growth is the fastest and the catch-up effect is obvious.The property right reform has a strong selection effect and promotion effect to RBCs and RCBs in a longer term.The efficiency has a remarkable convergence of features,the discrepancy of the efficiency is gradually narrowed in different areas and forms of property rights and its influence to the efficiency has relatively stagnant.(2)Based on examining how RCCs' property rights reform affect its capital adequacy ratio(CAR),paying special attention to the static effect,the selection effect and dynamic effect of property rights changes in Shaanxi.We find that restructured RCCs is significant factor affecting the level of its CAR.Reform has a strong selection effect,which has a higher level of CAR is chosed to reform.However,reform has a negative effect on rural cooperative banks(RBCs)and has no obvious effect on rural commercial banks(RCBs),what show that the system of RBCs has an obvious transitional characteristics and the effect of RCBs ' reform remains to be attention.The effects of property rights reform vary by region and year and across different reform effect,which show that reform for the role of CAR growth maintains a weakening trend with the progressive reform and owner conditions,local economic and financial ecological are significant factor affecting the level of CAR.Reform of RCCs has entered a crucial stage,which requires deepening the reform,strengthening the capital constraint and establishing the capital supplement mechanism.(3)Based on analysing the inclusive finance and its influencing factors,we build the RCCs' inclusive financial index and use the Cov-AHP method to determine the most important indicators,the results show that the intermediate business turnover proportion of GDP,the RCCs' bank card numbers of per ten thousand households,the weighted deposit interest rates and weighted lending interest rates are the most important indicators.By analyzing the overall level of the RCCs' inclusive finance,the results show that the overall level is relatively low,and the level of the inclusive finance in different areas and forms ofproperty rights is obvious.The property right reform has not a strong selection effect and promotion effect to RBCs and RCBs in a longer term.By examining the influence factors of its inclusive finance,the results show that investment environment,industry structure,competitive environment,public finance expenditure and the gap to rural-urban income have a significant impact.Finally,we use the Oaxaca-Blinder method to discuss the main reason for inclusive finance level with different regions and property forms.(4)This research proposal the principles of the service to agriculture,separate government function from enterprise management,market-oriented development,policy support and classification guidance and adjust measures to local conditions,and it should insists on financial holding group strategy,diversification strategy,capital operation strategy and regional cooperation strategy.To achieve the optimal goal,there are relevant policy recommendations about accelerating to rationalize the management system of the province association,clearing property right system and perfecting the corporate governance to improve the ability of capital accumulation,innovating financial products and services of RCCs to improve rural inclusive financial penetration,optimizing policy support system to establish the government induction type market reform mechanism,opening the rural financial market,optimizing the rural financial supervision system to implement the difference evolution in regulatory system,promoting the related rural financial legal revision and reform,improving the rural credit system and the rural economic and ecological environment.