Chongqing Rural Financial System Problems And Countermeasures Research

Agriculture is the fundamental of china and the foundation of the national economy, resolving the issue about agriculture, rural areas and peasantry can let our economy to be high quality and efficiency. From1982to1986, China’government has issued related5documents to research rural issues, from2004to2012, China’ government has repeatedly issued related9documents to emphasize its importance. That the development of rural economic and the growth of farmers’ income is the key of the above problem, and this can not be separated from the support of the rural financial system. But, in the one hand, large-scale and medium-sized commercial banks have completed joint-stock reform one after another, large financial resources have withdrawn from rural area; in the other hand, the new financial institutions are still in the development stage and the private finance is not legally recognized, so the both reasons make the rural financial demand can not be fully met. As a western underdeveloped city, Chongqing is different from other Municipalities. It has the characteristics of the large rural areas, big cities and big agriculture, big industry., its many economic indicators have not yet caught up to the national average, and its rural financial system has so many unreasonable details that can not meet the rural financial demand. So, its rural financial system needs continuous improvement to better promote the development of the rural economy and even the entire national economy, finally to better build a harmonious society in China.In this context, this paper will focus on the rural financial system of Chongqing based on its specific situations. Specifically, this paper has analyzed the current supply and demand situation of the rural financial system in Chongqing based on the research findings of the predecessors. Then through the collection and sorting of some data, this article has summarized the problems of the rural financial system. Finally by learning advanced experience in building rural financial system from foreign countries and other provinces in China, some reasonable policy recommendations are given and the following strategic framework for Chongqing Province is proposed: Establishing the multi-level, multi-market, competitive financial system and developing diversified, different, appropriate financial products; Playing the exemplary role of the Agricultural Development Bank of China and the Agricultural Bank of China, Paying attention to cultivate the Chongqing Rural Commercial Bank, Postal Savings Bank of China and the new financial institutions, actively improving the guarantee and insurance systems in rural area guided by government, using positive supply to induce demand; To co-ordinate the overall situation, we should create a good environment to the rural financial system, this needs the main effect of the government, especially the local government, in order to improve Chongqing’s rural financial system.