The Research On The Deepening Reform Of Fujian Rural Credit Union

Rural Credit Union, as an important part of China’s rural finance, is the mainforce in the new era and the best financial link on concerning and serving agriculture, farmerand rural area, the Three Agricultures. In the60years since its founding, Rural Credit Unionhas undergone a thorny process on account of changing the management system and itsowners for several times. A new round of its deepening reform began in2003, which hadRural Credit Union administered by provincial governments. In practice, the overallarrangements and concrete measures of the round have been in line with the development ofrural economy and Rural Credit Union itself, which welcomes great progresses and phaseachievements. However, the essential issues of several deep-rooted institutional problemshave not been solved and the reform has gradually fallen into "deep water period". In the lightof the Third Plenary Session of the17th CPC and the National Finance Working Conference,our CBRC has set goals for Rural Credit Union in the five years since2011namely withhigh-risk financial institutions comprehensively handled, old bad debt totally wiped off,shareholding system reform finished, modern rural banking systems primarily established,main supervisory indicators meeting the demand of prudential requirements and corecompetence improved significantly.There is not a ready-made blue print and it is unfit to copy modes of other countries such asThe US and Germany. Recently, experts in the theoretical circle, supervision departments andprovincial associations engage studying the right developing path of Rural Credit Union.Where is the future of Rural Credit Union? How to realize its overall goal of consolidatingindustry status, bettering the service and supporting rural economy? These two have beenurgent realistic problems and great subject of Rural Credit Union.As China adjusts and relaxes the access policy on financial institutions in rural areas, thefinancial market are increasingly open, the market access is gradually relaxed, a variety ofnew rural small financial institutions rapidly grow, and diversified rural financial marketcompetition pattern emerge, all of which propose the severe demand on the developmentpattern of rural Credit Union. Through the analysis of SWOT on Fujian Rural Credit Union,the thesis aims to make countermeasures and suggestions on the deepening reform,agricultural optimization, advancing development and risk prevention and control of FujianRural Credit Union.