Research On The Development Of The Micro-financal In Xinjiang Province

Micro finance originated from people for poor thinking, is the reflection on the customers to be excluded from the formal financial institutions, the development of micro finance provides a key to open the human beings poverty, micro finance is developed on the basis of micro credit, but also with the microcredit is the relationship of parallel development. Practice shows that many institutions at home and abroad, micro financial institutions as a supplement of the formal financial organization, has played a very important role on economic development in promoting.Although micro finance in international has already developed, and began to draw lessons from the pilot in each country, but the concept of micro finance was first formally proposed was put forward by the world bank in 2006. The first micro finance institutions in the true sense of Xinjiang was established in 2008 the National Bank of Wujiaqu village, the micro finance development in Xinjiang was pulled open preclusive. Xinjiang in 2009 the first small loan company was established, then with the strong support of governments at all levels, Xinjiang micro finance organizations in Xinjiang range have mushroomed to set up, and presents the prosperous development of the situation, has achieved remarkable social and economic effectiveness. But at the same time, the development of Xinjiang microfinance has many theoretical and practical problems: one is the current legal system and supervision system does not adapt to the rapid development of our region of micro finance; two is the micro financial risk prevention mechanism and institutional construction is not perfect; three is the question of money and interest rate limits the sustainable development of microfinance institutions.; four is the inherent problems of micro finance organization.This paper takes the development problem of Xinjiang micro finance institutions as the research object, comes to Xinjiang for micro finance development in the macro and micro levels, adopting qualitative analysis and quantitative analysis, the method of literature analysis and countermeasure analysis of the combination. The first study of the domestic and foreign literature review on the financial development and expounded the related theories; secondly based on Xinjiang micro financial development and organization development, in-depth analysis of Xinjiang micro finance development; again according to the existing organization itself and external environment of Xinjiang micro financial problems in the developing process are discussed, and then sums up the reference of foreign microfinance development experience; finally, combining with the actual situation of Xinjiang micro finance development, put forward to deepen the development of Xinjiang micro finance law policy recommendations. In order to realize the local micro finance rapid development needs the government to strengthen the legislation and regulation construction, at the same time can be considered from the perfect credit evaluation system, strengthen the risk control, the local rural financial deepening hand to expand the sources of funds, to promote the marketization of interest rates and increase product innovation, promote the micro finance development in Xinjiang.