Research On The Guidance And Specification Of The Rural Informal Finance In Changchun

With the deepening of reform and opening up and the rapid development of market economic, rural demand for financial services are growing. As an important supplement to the form of formal finance, the informal finance has become an important force in supporting the rural economy. There is no exception to the rural areas of Changchun City, Jilin Province, which is dominated by the agricultural economy. Now informal financing of the rural areas of Changchun City, especially the private lending market has become increasingly active. With its extensibility, flexibility and convenience features, informal finance has in-depth into the various aspects of economic activity in rural areas and has become an important channel for rural finance. In order to promote healthy rural informal finance of Changchun City, guiding and regulating its development is particularly necessary. Currently, there is little research findings on informal finance of the rural areas of Changchun City, this study will not only compensate for the academic gap, but also give the important directive significance for the rural informal financial normalization and the healthy development of the rural economy of Changchun City.This paper starts with the size of the informal finance lending, funding sources, organization and operation mode, financing purposes, loan rates and their positive role of the rural areas of Changchun City. After in-depth analyzing the status quo and a clear informal finance to the important role of the rural economy, obtained the conclusions on guiding and regulating the development of the informal finance in the rural areas of Changchun City which are conducive to placing the informal finance within the scope of government regulation, reducing the financial risks, accelerating the healthy development of informal financial and the improvement of the rural financial system. On how to guide and standardize the informal finance of the rural areas of Changchun City, this paper argues the specific policy recommendations to regional finance which are classifying the financial supervision, reducing market access conditions, establishing a legal system platform and supporting financial organizations that have a positive effect to society as well as improving the overall quality of the farmers, strengthening the credit environment.