On The Reform Of Rural Credit Cooperatives And The Development Direction

The paper firstly overviews the hilstorilc evolution of China's Rural Credit Cooperatives,and analyzes the actual development and outstandingproblems．The rural credit cooperatives have experienced atough process of changes and variations,the stock of NPL is heavy, and the financial sitUation is rather poor． The emerging problemsr mainly attribute to the cooperative system existing in name only the ineffectual admninlstrative system and ambiguity of the property Then the paper elaborates the Rural Credit Cooperatives'nature, development location and the selection on reform modes．The Rural Credit Cooperatives must consist In the cooperative system,locate In the rural reas,and serve the rural economic promotion．The reform of the rural credit cooperatives should not be limited by one modality, cooperative standardlzatlon and joint－stock reconstruction are acceptable．Finally,the paper puts foward the author's presumptions onthe constructions of the cooperative financial framework in China: making the rural credit cooperatives and the rural cooperative banks into a nationwide system and unifying payment,settlement and financing；setting up financial administrations by grade which directing and supervising relevant cooperative financial Institutions； restraining local government's administrative intervention and the People's Bank of Chlna enforcing the final supervision．...