Research To The Reconstruction Of Rural Financial System Of China

As part and parcel of the financial system of China, rural finance has been existed for nearly 100 years. During this period, rural finance rose and prospered, and contributed greatly to the development of the rural economy. However, since the beginning of the market-oriented economic reform, rural financial system as a whole has been undergoing great changes being confronted with many new circumstances and problems. Therefore, it becomes very urgent to reconstruct the current rural financial system.The author is convinced that rural financial institutions should be the main body of the rural financial system, and it is the reconstruction of rural financial system lies mainly in the establishment and development of rural financial institutions.The thesis is constituted of four parts.Part one, the build-up and development of our country' s rural financial system.It is under the leadership of Communist Party of China that the current rural financial system rose and flourished. In the series of revolutionary struggles before the foundation of new China, rural financial system contributed greatly to the development of rural economy and the victory of revolutionary war. Further, as a requisite condition of the achievement of a variety of financial tasks, rural financial system lay sound foundation for the establishment of uniform state-owned socialist banks after liberation. After the campaign of opening to the outside world and economic reforms, the mechanics of Agriculture Band of China and the whole rural financial systems have undergone fairly successful reforms and innovations in a variety of aspects . The second part, the present condition of the financial system of our countryThe country financial system theoretically including commerce, police and cooperate financial is established after a series of forcible change system but it everywhere represent the character of "government manage" and the state that "deviate from farmer" in the practice. So the country fund seriously loosed and it is very difficult for the system to fit in with a capital demand question that several country economies had to face. Although the underground finance can make up for the deficiency of formal financial organization in a certain extent and has an effect on accelerated the country economy progress, we cannot ignore the problems existing in. The third part, imagination of restructuring our country financial systemTo adjust in competition, the country credit union should abandon its corporate quality step by step and develop as a commercial bank of stock system. It should have clearly property right system, establish effective restriction and supervision system, perfect credit system, engage in developing working range, strengthen cultivate person with ability and perfect employment system. The fourth part, the preconditions of reconstructing our rural financial systemFirst, it should clear up the dialectic relationship between the market rate and the development of civilian finance in concept and clean up idea block.Secondly, it should create nice credit circumstance and strengthen the ability of civilian finance on resisting risk.Thirdly, the government should confirm its role to reduce administration interferences.