A Research On China's Rural Financial Legal System

Modernized rural financial system is the necessary conditions of new construction of the rural areas, construction of a harmonious society and buliding a well-off society in an all-round way. Farmer's income, the growth of rural enterprises, rural economic development and progress of the cause of rural science and technology education requires huge financial support, and improve the rural financial system is the main guarantor of financial support. Therefore, establishing a modernized rural financial system is the key of New Construction of the Rural Areas and the development of rural economy. And establish a modernized rural financial system can not do without the relevant legal system perfect.This paper on a factual basis of learning from previous research results and close connection with China's rural financial system, discussed the theoretical foundation of development of the financial system in rural areas,searched the concept, specific and historical change study of rural financial, have a deep investigation to the elements and content of modernized rural financial system. and Meanwhile analysis the legal status of the modernized rural financial system, basic principles and the need for farmers to protect the financial interests. establish a modern rural financial system on the basis of the theory are discussed. By the comparative studies to developed and developing rural financial system.this paper believe that the development of modernized rural financial system, the first light is to suit the measure to local conditions and received strong government support, improve relevant laws and regulations, adhere common development of the rural commercial finance, rural public finance, rural cooperative financial and other multi-subject. In the based on comparative study, analysis the major legal issues of existing rural financial system. and First, the financial interests protect is absence in China's rural financial system, the state allocation of financial resources is not conducive to the protection of financial interests; Second, China's rural financial organization system is imperfect. the specific performance is the rural financial organization system is not perfect, the property rights structure of rural financial institutions is rrational, regulatory system of rural financial is imperfect; again, the development of the rural folk financial is constrainted by the system. Rural Financing lack of legal system to protect, The rural folk finance over-regulation by the government; Finally, the rural financial market system have problems,the formation of the rural financial market is monopoly, and the lack of a functioning security system, market service system is not perfect. In addition, the rural financial system, there is still no sound credit system and rural financial institutions, inadequate systems of internal control problems. Address related legal issues, to explore the establishment of a sustainable development of rural economy is conducive to a modern rural financial system is the objective of this effort. Based on the research front, this paper argues that improving the rural financial system and run the relevant legal safeguards. Specifically, the first is to realize the financial benefits of the farmers and to increase awareness of the rights of farmers, to establish an effective mechanism for the interests expression of farmers. the second is rational design of property rights of the rural financial system. Third, we must improve the competition legal system of the rural financial market, improve the rural financial competition management system. The establishment of regulations for rural financial market access, regulate behavior of the operation of rural financial market. Into the rule of law to protect the rural financial market regulation. The fourth is from the reality of rural development, establishment of private financial legal systems in rural areas, so that the formal system and informal system of synergistic effect. In addition, the establishment of a modernized rural financial system but also need to improve the efficiency of rural financial services, rural financial institutions services to farmers, agriculture and rural areas directly, improve the rural financial market credit mechanism for the development of basic rural financial system.