Study On Development Of Rural Financial Institutions In China

Thirty-three years since the reform and opening up, financial market in China has undergone enormous changes, the reform of financial system has contributed greatly to economic development, but development of financial markets in China and abroad a large gap compared, with the interest rate market, global harmonization of financial markets to establish requirements of the times clearly show that the second Five-Year Plan of China to deepen financial reform. From the historical experience of economic development of countries seen, financial development and promote economic development, therefore, China should accelerate the pace of financial reform. New era, building a new socialist countryside, improving the living standards of rural residents, concerned about the livelihood of the people is the focus of the party and the government, then the rural financial reform is imperative, as the subject of rural micro-finance development of rural financial institutions to become important in the weight, second Five-Year Plan of China recalled the experience of rural financial institutional reform, fully affirmed the achievements made, but again stressed the reform of rural financial institutions need to continue further, to further improve the competitiveness of rural financial institutions, establish a sound rural financial system, increase the degree of support in rural areas, and promote sound and rapid development of the rural economy. Second Five-Year Plan from the macro level, the reform of rural financial institutions pointed out the direction, but no concrete grasp of the micro aspects, the future of rural financial reform is still confusing.Rural financial institutions as part of the modern financial system is to solve the issues of agriculture, rural areas and farmers, and promoting rural economic development, a strong guarantee is the key to the construction of rural modernization of agriculture and rural economic development will play an important role. At this stage, the development of China's rural financial institutions by the government, the financial strength of the market environment and other constraints, rural areas showed severe financial restraint. Mainly for the supply of rural financial institutions is not perfect, inadequate supply of formal finance, commercial finance institutions in the field of rural finance function within the severe weakening of the policy failure of financial institutions, cooperative financial institutions due to their own conditions, difficult to adapt agricultural and new changes in rural economic development, informal financial institutions with deficiencies in the system also affect its financial support role into full play. On the other hand, with the establishment of socialist market economy, rural consumption level, the vitality of small and medium enterprises to reproduce, the increasing demand for capital for the rural residents and small and medium enterprises. This makes the contradiction between supply and demand of the development of rural financial institutions in China has an extremely important role. In addition the study on the internal management system of rural financial institutions, risk prevention, operational efficiency of policy financial institutions also has important significance.All of this, we need to look at from a new perspective of the rural financial system today, the establishment and management, from the grasp of the root causes of the direction of the development of rural financial institutions, rural financial institutions innovative products, and establishing rural financial institutions in China's national conditions model accelerate financial deepening and promoting the sound development of rural financial markets. In this paper, the development of China's history of rural financial institutions as the starting point, from an economic point of view of the need for the development of rural financial institutions, and through a survey on rural financial markets in Hefei Technology Rural Commercial Bank and the development of empirical analysis from China's rural financial institutions to find out the problems in the development process and look forward to make some reference value of research results to promote rural financial theory and practice of rural financial policy-makers concerned about the development of rural financial institutions, to promote the development of rural financial institutions, promoting rural economic development and make a little contribution.