The Research Of Property Right System Reform Of Rural Credit Cooperatives

As an important component of the financial system, Rural credit cooperatives is the important capital allocation mechanism of the rural economy social development. Rural credit cooperatives play a decisive role in supporting of the rural economic system reform, promoting rural economic and social development Rural credit cooperative reform of property right system is very important not only to achieve its sustainable development, it is also the decisive factor to optimize the allocation of rural financial resources.The research lines property right reform of rural credit cooperatives as the main line. Firstly we analysis the property right reform related theory of rural credit cooperative Secondly we analysis the feature of property right system changing, Combined with the historical process of rural credit cooperatives reform in China. Based on these research, we analysis operating effectiveness of property right reform of rural credit cooperatives, taking Shandong Province as an example since a new round of property right reform on2003. The results show that, the new round of reform of rural credit cooperative has achieved remarkable stage results:the equity structure is optimized further, the form of property right diversificates gradually, the corporate governance structure is ceaseless and asset quality rapidly improved, the strength of supporting agriculture increased constantly. We make depth explanation on the restriction of property right reform process issues, such as the existing property rights remain obscure, the corporate governance structure is dummy, internal and external virtual control problem is still serious, resist risk capability of capital is not strong, information disclosure mechanism is not perfect, partial industry management regulations restrict property right reform process. Finally we summarize the causes of the above problems as follows:Property right reform lacks of internal motivation and pressure, policy goal and business objectives conflict, the centralized management system weakened autonomy of grassroots credit cooperatives, national privilege policy withdraw gradually.On the basis of the above research, we define the targets of the property right reform of rural credit cooperatives as property right structure diversification, diversity of investment main body, choosing a different mode of property right and the form of organization. Lastly we seek to advance reform from improving equity management system, clearing relation of property right, innovation and standardization of corporate governance of rural credit cooperatives, establishing and improving the information disclosure system strengthen the training of personnel, enhancing the quality of staff, constructing sustainable development policy supporting system of rural credit cooperative, accelerating the change from administrative management to capital management and service function of the Provincial association.