| In August2003, the central government start a new round of reform of rural credit cooperatives in eight provinces and cities across the country (Jiangsu, Zhejiang, Shandong,Jiangxi,Guizhou, Jilin, Chongqing, Shanxi), allowing local conditions to select the proprietary model and the organization form, and build an effective corporate governance framework on the basis of clearly defined property rights, in order to improve the internal management and service level of the credit cooperatives. Eight pilot provinces who carry out a new round of rural credit cooperatives reform have dated back more than a decade, but the community have disagreements on the performance of the new round of reform of rural credit cooperatives. A new round of reform of rural credit cooperatives by the pilot to large-scale promotion, the results of the reform has been initially apparent, but did the objectives of the reform of rural credit cooperatives have achieve? How next step of reform should be in-depth? Thinking and solving these problems is to promote and deepen the Rural Credit social reform essentially. And regional levels of economic development in Shandong Province, the development of imbalance is typical of national significance, to some extent, it also reflects China’s economically developed eastern, developing central and western level, and poor and remote backward areas in three different areas. According to local conditions of rural credit cooperatives property rights model, the choice of Shandong Province can also be extended to other parts of the country, depending on the level of regional development and the need to choose a different legal.In this paper, by analyzing the effectiveness of specific measures of rural credit cooperatives in2003reform, and has been made at this stage, on the basis of the theory of the cooperative finance, modern property rights theory and principal-agent theory knowledge, and learning from the model of Property Income and Subsidy Dependence Index model, and to consider the regulatory body-the China Banking Regulatory Commission and the Shandong Provincial Credit Union of rural credit cooperatives, and the reform of China’s rural credit cooperatives and agriculture task, this paper try to build a set of practical evaluation index system to evaluate the overall effect of the reform of rural credit cooperatives in Shandong Province objectively and comprehensively, hoping to provide some reference on the optimization the reform of property rights, the promotion of asset quality and the endorsement of three rural. The specific contents are as follows:Chapter1, Introduction. This part propose the research background and significance, that is the realistic background of the development of rural credit cooperatives, the development process and the reform measures..Finally, paper propose the research methods and innovation and shortcomings.Chapter2, the literature Review of the Rural Cooperative Financial Development. This chapter summarizes the latest research results of domestic and foreign scholars on the development of rural credit cooperatives, including the theoretical and literature review in two parts. Finally, according to the summary of the literature review purposes of this article.Chapter3, the Motivation of the Rural Credit Cooperatives Reform. From the demand and supply of rural financial development contradictions and the sustainable development of rural credit cooperatives, This chapter make the analysis of reasonableness that is the urgency and necessity of the reform of rural credit cooperatives.Chapter4, the Specific Measures and the Effects of the Reform of Rural Credit Cooperatives. This chapter is based on the analysis of the specific reform measures, and examine the pros and cons about the effects of various policies one by one, to prepare the ground for the empirical.Chapter5, the Reform of Rural Credit Cooperatives Performance Evaluation System Indicator Selection and Empirical Analysis. This chapter is the core of the article, based on Property Income Model and Subsidy Dependence Index Model, and considered the special background and social responsibility of China’s rural credit cooperatives, get the results on the reform of rural credit cooperatives performance evaluation system, that is, from the operating effects, support for agriculture and asset allocation efficiency examining the performance of the rural credit cooperatives reform. Then, on this basis, through a comprehensive, in-depth analysis of the results before and after the reform of rural credit cooperatives in Shandong Province, this paper tests the overall performance of the reform, and finally proposes this conclusion.Chapter6. Recommendations. On the basis of theoretical analysis and empirical results of this chapter, this paper express three aspects recommendations, that is, improving their operating results, expanding efforts to support agriculture by the innovative financial products and. further optimizing the policy environment of the rural credit cooperatives reform. |
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