Research On Development Of Microcredit In Hubei Province Under New Rural Financial Policy

Micro-credit products has developed for more than a decade in China. To a certain extent, it promoted the development of "agriculture, countryside and farmer" economic and slowed development trend of urban-rural dual economic, but we can not deny that there is a huge gap between the development of micro-credit and the demand of "agriculture, countryside, and farmer" economic development, which hindered further development of the "agriculture, countryside and farmer" economic. For promoting the development of rural financial market and increasing the supportment to "agriculture, countryside and farmer" economic development, at the end of 2006 China Banking Regulatory Commission relieved the access restrict of rural financial markets. Based on this new rural financial policy, this study analyzes the development of microcredit in Hubei Province and builds a model for micro-credit development according to actual need of its development and international experience, then proposes some advise for improving the development of microcredit in Hubei Province. This paper is divided into five chapters:The first chapter introduces the research background, objectives and significance, then defines the relevant concepts in the article and reviews the relevant research in domestic and international area, clarifies the idea and methods of research, at last, points out the possible innovation and inadequacy of the article.The second chapter reviews the development of micro-credit in the years the new rural financial policy isn't implemented, points out the influence of adjustment of rural financial policies on the development of micro-credit, and analyzes the problems it had on macro-aspect and micro-aspect.The third chapter mainly studies current development of micro-credit in Hubei Province and describes the developing course of micro-credit then introduces the background of its development, and analyzes its performance on aspects of financial institutions and farmers, then measures allocative efficiency of rural financial resources in Hubei Province based on quantitative analysis of three aspects of indicators, analyzes the scale of gap between rural financial supply and demand in Hubei Province based on estimate, and analyzes developing space of market based on combination of them. This chapter analyzes elements that restrict development of micro-credit on aspects of demand and supply at last. The fourth chapter builds a new model for the development of micro-credit in Hubei Province based on analyzing the model which run before the new rural financial policy is implemented, pointing out the problems it had and referring international major advanced experience.The fifth chapter mainly puts forward relevant suggestions for improving the development of micro-credit in Hubei Province on aspects of government and financial institutions.