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Study On The Problem Of Property Right System Reform Of Rural Cooperative Finance

Posted on:2003-10-29Degree:MasterType:Thesis
Country:ChinaCandidate:H B YuanFull Text:PDF
GTID:2156360062986041Subject:Finance
Abstract/Summary:PDF Full Text Request
The paper is focused on the problem of property right system reform of rural cooperative finance. Cooperative finance, which plays a vital role in national economy, is an important part of modem financial system. The Rural Credit Cooperative, as formal organization of rural cooperative finance, has been existing for 50 years. But the inherent system defects of rural cooperative finance leads to the restraint of the development of rural economy. So the reform of property right system is urgent now to make a further development for rural cooperative finance and is the core of the reform of rural financial system.Under the guide of theoretical framework concerning property economics and new institution economics, the thesis analyzes the theoretical basis, problems, causes and performance of rural cooperative finance from the angle of property right. Then the paper studies how to reconstruct our property right system of rural cooperative finance and to establish a new rural cooperative finance system. Some policy suggestions are put forward too.Both researches and practices have shown the following defects exist: (1) the contradiction of insufficiency of institution supply with the vast need of capital by rural economy; (2) the singularity of property right system mode and the deviation from cooperative principle; (3) the imperfection of legal system; (4) the irrationality of stock right; (5) the non-existence of ownership; (6) the dilemma of the choice of commercial operation and cooperative principle.During the decades of development, the Rural Credit Cooperative has contributed significantly in promoting the prosperity of the rural economy and finance and has become one of the necessary impetus for rural economy development. But the present property right system of rural cooperative finance still shows many negative factors: (1) the share turns into fixed deposit with high interest; (2)'the poor efficiency of Rural Credit Cooperative constrains its support to peasant, agriculture and rural place; (3) the function of financial markets is scarce and the rural finance is in a primary stage; (4) the contradiction of the demand and supply of capital becomes more serious; (5) civil finance develops irregularly.The causes may be explained as follows: errors in guiding principles; the lagging of financial systemreform; the governmental-orientation of reform; the restraint of the cost of institution evolution, etc.In order to establish a new property right system of rural cooperative finance, many basic principles must be obeyed such as: (1) the clarity of the property right; (2) the rationality of the ownership structure; (3) effective protection by the government; (4) maximum of income.Many polices should be applied to achieve the goals: (1) define the initial share clearly; (2) normalize the establishment of stock right of rural cooperative finance; (3) perfect corporate governance structure; (4) construct self-discipline organization; (5) perfect the legal system; (6) protect, guide and subsidize rural cooperative finance by the government.
Keywords/Search Tags:Rural cooperative finance, Rural Credit Cooperative, Property right system reform
PDF Full Text Request
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