Experience Of Foreign Rural Cooperative Finance System And The Enlightenment For China

In the environment of modern market economy, the economic development can not separate from the financial support, and so is the rural economics. As the foundation of our rural finance, the rural cooperative finance has played an important role in supporting agriculture, farmers, and agricultural economy.Today we can gain some enlightenments from the experience of rural cooperative financial systems in other countries obviously: complete cooperative financial system and perfect democratic management organizations, which have provided the good development environment for rural finance; finance organizational structure with explicit power and responsibility, and the fast fund dispensing and settlement system, which has regulated the movements of cooperative financial institutions; the financial system association has brought into full playing supervision function; perfect financial laws and regulations has ruled more explicitly the rights and duties of cooperative financial organization; consummate audit supervision system and risk prevention system has guaranteed the fluidity and security of funds, which can avoid the occurrence of paying riskIn our country there are some flaws in the rural cooperative financial system: sole property system pattern which leaves the cooperation principle contrarily, owner empty, democratic management being a mere formality, weak controls on the inside mechanism, deficient credit support mechanism, small-scale agricultural credit, incomplete supervision from the regulatory agency and imperfect laws. With all of the reasons, the rural cooperative finance in our country has faced the problem of single-handedly fighting in the process of supporting agriculture. According to the analysis and narration in international scope, we can get profits from the advanced rural cooperative financial system and the development model, proposing the management system which suits our country's condition, promoting the development of Chinese characteristic rural cooperative financial system. It is a good way to deepen a new rural cooperative financial reform in our country.