| In 2006, this is a landmark year for the history of rural finance in china. On 25th December, CBRC liberalized regulation for rural financial market; allowed the foreign capital banks which have aptitude participate in the service with rural finance. At the end of 2007, the first foreign town bank established in china—HSBC of SuiZhou ZengDu town bank. With the HSBC entering into countryside, it brings new and fresh blood to rural financial market, also called the"Herding effect". More and more foreign capital banks are aiming to Chinese rural market; the rural financial market which is still not perfected will face challenges.This research will by the way of the micro analyzing judge the foreign capital bank as a foreign agricultural financial institution and a type of brand with high market cognitive, whether it has a positive guidance effects for foreign agricultural financial institution in rural financial market through its own effect, effective competition, and Technology spillover in China; after this, in the early time, whether it will bring the crowding out for rural credit union by according to its faint assets and agency shares. Thus, in the macro side, let the reader understand the shortage of the rural finance as entering of the foreign bank solves the issue for the market of rural finance, then the effects about how to promote the reformation of rural finance system, etc... Finally, the researcher summarizes the conclusion as the following:1.The first chapter introduces the background, purpose, significance, method and innovation of this thesis. It gives a brief framework to the whole thesis, besides this chapter also makes a summary of all the related articles from home and abroad.2.Chapter two analyses the motivations why foreign capital banks enter into rural financial market from external environment factors and its internal need for development. According to the entry of foreign capital banks happens in rural financial market is from two aspects of consideration. An external aspect, which is due to the great success of microfinance in the global, confirms the potential of market of rural finance. Otherwise, during the time with strategic transformation of support from city to rural, The "Three Rurals" issues become the gravity work of next stage in China. The implementation of every policy for the"Three rurals"supports, that create a good market environment for the entry of foreign capital bank. From foreign capital bank aspects of their own, foreign capital bank is forced to suffer new challenge and difficulty in the urban development, because the rapid rise of the domestic banking. The new profit motive of foreign capital bank forms in the two parts: open the rural market and seek the dislocation development.3. The forth chapter mentioned: The deficiencies of financial infrastructure and the shortage of the financial effective which seriously cause by funds in non-agriculture, it plays an important role in the issue of market of rural finance in China; also it becomes the business in countryside which the foreign capital bank is interest in. After three years of development, foreign agricultural financial institutions have been gradually adapt and achieve some results, although in the part of the scale of funds and customer loyalty are in no way comparable with state-owned agricultural financial institutions; but regardless of the immediate interests, looking long term, is their real strategic goals.4. The fifth chapter is the key issue in this paper. Based on the financial data of rural credit cooperatives in Hu Bei province, the chapter analyses the influence on the efficiency, lending ability, market share and loan-to-deposit ratios when the foreign capital banks enter into rural financial market, it brings some positive effects such as the competition effect, demonstration effect, technological overflow effect, and the brain drain effect, now, they have already presented in the market. Facing the entry of foreign capital bank into, the most impact is the rural credit union stays in the long run of monopoly in rural financial market, because the target group of service is "Three rurals", and undertook the 90% of the agricultural loans, it would be most convincing that conduct the rural credit union as the empirical test object. Based on the analysis of the Malmquist Index of DEA, this chapter concludes the foreign capital bank will influence the efficiency of Hu Bei province rural credit cooperatives dramatically in a short time, but the influence is limited on technology spillover effects of local rural credit cooperatives. The Empirical result shows that in the short time the entry of foreign capital banks into rural financial market can promote the rural credit union loan balances, market share and the increase of loan-to-deposit ratios. The reason of that, entry of foreign capital banks which face small scale and the rural credit union actively respond the pressure.5. This paper puts forward policy suggestions from two aspects: the government and financial institutions. For the governments, it is the important and urgent to promote the rural financial system reform, and establish high effective and credible rural credit system. For the supervision of foreign capital banks should be in a moderate degree, neither too much nor too little, and has a definite object in view. Domestic agricultural financial institutions should have more long-term vision, pay attention to the rural market, improve the service innovation ability, strengthen brand effect; it should restart the competition with foreign capital banks in the rural market. |
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