Construction Of Multi-Level Inclusive Rural Financial System

At present, the issues of Agriculture, Ruralareas and Peasantry have become the top priority of China’s economic and social development, but also it is the focus of successive governments. Rural financial service which serves peasant household’s production life directly has played the inestimable role to the agricultural development and the farmer additionally receive.Although in recent years, with the social economy’s development and a series of national policy’s releasing for people, the rural finance service has developed rapidly. But it still don’t match with strong demand for financial service in rural areas. It mainly displays in next three aspects:First, the scarcity of rural financial service principal. After30years reform and developme of rural finance, it has preliminary become a diversified service system which includes Agricultural Development Bank, Agricultural Bank and Rural Credit Cooperatives as the main part, commercial banks, Postal Savings Bank as a auxiliary part, and more new rural finance organization such as the rural credit union funds, small loan companies, rural banks is other beneficial supplement part to this diversified service system. However, the Rural Credit Cooperatives is only organization which is truly able to provide financial service,the Rural Credit Cooperatives become,"the main force of rural finance" passively, in the rural market alone. Second, the financial services environment needs to be improved. Currently, the rural financial service is still only the old three products as "savings, loan and remittance ",and loan products only includs the general credit for working capital loans, household production and business loans, also only the Rural Credit Cooperatives provides loan products for the majority farmers or Small and medium-sized enterprises,and limit to the size of deposits, loan services in the face, volume, product quality can not meet the farmers needs. Third, policies supporting rural financial services is not in place. Agriculture is a weak industry, the higher risk does not match the value, it needs government support. However, the existing policy efforts to support is small, leading to the contradiction between demand and supply growing by more and more people’s attention. Shared-benefits type of the rural financial services has been widely welcomed the proposal immediately, but also is the main measures which solved the current contradictions of rural financial services.Therefore, how to build a multi-level-type rural financial services has a very important practical significance to reforming the financial services system, promoting rural economic and social development,safeguarding social harmony and Realizing common prosperity,I pointed out the basis and significance of topics, the domestic research trends, writing methods and content, and the inadequacies of the existing article in the introduction part. The body is divided into four parts:First, it overviews rural financial service system of Yancheng in order to exhaustively explan the evolution and current status of rural financial service system,choosing that deepen the rural financial reform in90s as a dividing ridge.Second,it made a hierarchical analysis about the rural financial service system of Yancheng form the subject of rural financial service, the products, technology, power of the financial service and the security system of the financial service to analyse current shortcomings and causes of shortcomings.Third, learning from the latest foreign financial service practice and philosophy, it comparatively analyses the problems of current rural financial service system in Yancheng to provide a theoretical basis and practical experience for building the following multi-level shared-benefits type of rural financial service system.Fourth, it gives feasible measure and advice about the construction of the Yancheng rural financial service system. The text constucts the shared-benefits type of rural financial service system from next three levels, cultivating a multi-level subject of rural financial services, making shared-benefits products of rural financial service and building multi-level security system of rural finance.