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A Study On The Reconstruction Of Heilongjiang's Inclusive Rural Finance System

Posted on:2012-04-03Degree:MasterType:Thesis
Country:ChinaCandidate:Z Y ZhouFull Text:PDF
GTID:2219330368475981Subject:Finance
Abstract/Summary:PDF Full Text Request
As a famous Chinese agricultural province and the largest commodity grain base, "SAN nong" question is related to Heilongjiang economic inclusiveness growth and social stability. China's Central first file is issued year by year from 2004 to 2010, which plays a main role on the rural financial reform and development. It is import that how to deepen rural financial reform to use rural financial as the core function of rural economy. Heilongjiang province has been actively deepen rural financial reform, Paying attention to the role of financial in "three agriculture" economic. However, the disadvantages of rural financial system are becoming more and more obvious, such as inefficiency of funds deployment, difficulty of financing from rural economic subject. Traditional financial service which targeting the high-value people, providing micro-credit, micro-insurance and other financial services, ignoring small and medium enterprises, micro-enterprises, farmer or natural customer. It is significant for studying existing problems of rural financial system and exploring construction of environment conducive to sustainable development of inclusive rural finance system. China should establish a multi-level system of micro-finance and develop a variety of micro-finance operation modes. Micro-finance is not only an essential part of financial system but also a necessary part of deepen development of finance. Exploring and then optimizing China's national micro-finance mode is not only an inevitable choice in deepening the development of China's micro-finance, but also a necessary requirement to achieve inclusive rural financial goals.This study describes an inclusive rural finance about the basic content and concepts, demonstrates the need and the feasibility of the building inclusive rural finance sectors of Heilongjiang Province, and Summarized inclusive financial services practice at home and abroad. Based on the above, we analyzed the main factors of building inclusive rural financial system from four aspects:From the customer level, analysis of the main demand and credit constraint of rural finance in Heilongjiang Province; From the micro level, analysis of the main supply of rural finance in Heilongjiang Province, and described Qualitatively the rural financial exclusion, find the best way to settle up financial exclusion is to build inclusive financial system in rural areas;From concept level, analysis of the situation and existing problems of rural financial market; From a macro level, the analysis of the macroeconomic and policy factors, and Empirical study of the dynamic relationship between the rural finance development and the "three rural "economic based on the VAR model. Poor and low-income clients are at the center of the financial system. Their demand for financial services drives the actions of those at all the other. So study is based on customer level as the center to design of inclusive financial system in rural areas from the micro level, meso level, macro level concept level and the macro-level. At the micro level of financial system:financial service providers and products, we build it from the inclusive organizational system and products; at the meso level of financial system-the financial markets and related services, we build it from Four aspects:market infrastructure included Payment system, information management services included the credit system and guarantee system, technical support and network support organizations. At the macro-level of system, we build it from the inclusive strategic position and financial role of government, the incentive and control mechanism policy system, and supervision system. Thus, the inclusive rural financial system in Heilongjiang is of meet multi-level rural financial needs, comprehensive, rational division of labor, property rights, scientific management, supervision and effective, moderately competitive, complementary, and sustainable development. Ultimately, integration into the financial system could open financial markets to the majority of people living in developing countries, including poorer and more geographically remote clients than are currently reached.Finally, based on this point, policy suggestions are put forward:(1) Develop medium and small-scaled financial institutes and new types of the rural financial institutes, promoting the development of Micro-credit and micro-financial services by policy and system innovations. (2) Establish the developmental financial system which covers the countryside, including establishing the market normalization of the rural investing and financing main body, the credit guarantee system of the rural financial market, and risk share mechanism. (3)To construct a rural land circulation financial supporting system of multilayer and diversification。It is necessary to analyze the basic principles,innovation approaches and main content that should be followed in the development and innovation for rural land circulation financial supporting products, on the basis of which emphasis is paid on new financial products for rural land circulation such as:Rural-land-use-right mortgage loans, pledged loans for the rights of rural land contracting and management, and farmers united guaranteed loans etc, so that carriers and operation conditions are created for the rural land circulation financial support.(4) Establish the risk compensation institution of the rural finance, including establishing the provisions of risk institution for the rural finance, exploring the institutions for the rural finance and the industrial insurance.
Keywords/Search Tags:inclusive rural finance system, inclusive finance exclusive finance, Microfinance, Microcredit
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