The Research Of Evolution Of China's Rural Financial Industry Organizations

Rural finance is not only an important component of the rural economy but also an important factor to promote the development of rural economy, with the continuous development of the rural economy, rural finance also get the opportunity of development. However, the exacerbation and reform of China's rural financial is shortly started and there are still more difficulties and problems in the development of rural finance, Mainly expressed in the insufficient competition of rural finance, the unsound of the development of rural finance and the regulatory system of rural finance is still in the Construction and preparation period of a modern financial regulatory system. Most of domestic research of the rural financial reform focuses on the perspective of institutional change, so it has certain practical significance to research the processes of the rural financial reform and development in the perspective of industrial organization.This paper uses the theory of industrial organization as the theoretical basis ,and adds some index of market behavior and market performance to study, employ the analysis method of combination of history and reality, quantitative and qualitative, as well as normative and empirical to study the rural financial market structure, behavior and performance as well as the relations of them. It is founded that after 30 years reform and opening up, especially the Deepen reform inrural Finance since 2003, the market structure, behavior and performance of rural finance is more reasonable and the relation of them is closer.At First, it researches the evolution of the rural financial market structure from the change of Concentration of rural Loan market and the access barriers of rural finance market. Second, it discusses the changes of the rural financial market behavior and pointed out that the innovation of enterprise has increased. Third, it analyses the performance of rural finance and calculates the rate of rural finance-related performance (we use it as an index of integrated performance of rural finance), combined with the analysis of Herfindahl - Hirschman Index from the study of financial market structure. Then, it builds an econometric model of the rural market structure and uses it to study the mutual relations between market performance and structure of rural finance. At last, it studies the evolution trend of rural financial market structure and market conduct. And based on the above analysis it is proposed that expanding the diversity of China's rural financial institutions and business and construct a modern rural financial regulatory system to promote rural financial evolution of industrial organization.Although this paper has calculated the Herfindahl - Hirschman Index from 1989 to 2007 as well as the rate of rural finance-related, but due to the lack of data of rural finance, the scope of the analysis of rural financial institutions need to be expanded ,at the same time , The depth of the study needs to be strengthened.