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Research On The Construction Of Rural Inclusive Financial Law System

Posted on:2017-01-20Degree:MasterType:Thesis
Country:ChinaCandidate:X L ZengFull Text:PDF
GTID:2296330491950534Subject:Legal theory
Abstract/Summary:PDF Full Text Request
In the third Plenary Session of the 18 th CPC Central Committee in 2013,the Chinese Communist Party proposed the objectives including development Inclusive Finance, encouraging financial innovation, and enriching the levels and products of the financial market. Essentially, Inclusive Finance aims to solve the sustainable development of finance and the financial interests’ protection of social vulnerable groups. Since the reform and opening-up 38 years ago, China has been initially shaped into the multi-level rural financial system which is policy-based finance dominated, rural credit finance centered, and commercial finance and informal finance widely participated. However, so far, the financial system of our country is hardly to meet the needs of primary rural economic organization and low and middle income farmers’ financial service, and it cannot provide basic financial service beneficial to the mass.Traditional finance is unsustainable due to its inherent flaw. Obviously, inclusive finance is the response to this problem, which requires the establishment of the comprehensive financial service system that everyone can share. The construction of rural inclusive financial system emphasize on duty of government financial protection and financial basic interests protection of rural vulnerable groups, which fully embodies the new development concepts of modern inclusive development, coordinated development and sustainable development. The laws and regulations is the system that can distribute rights and interests and duties in the most common, clear and typical way with rewards and punishment. Therefore, the construction of inclusive financial legal system is an effective measure as well as method to achieve inclusive financial development goals. As a result, rural inclusive financial law system is the regulation which based on values of justice, fairness, and safety, which can keep the sound and sustainable development of the financial market and guarantee the law relations of the farmers’ financial interests.The following problems are prominently existed in the current rural financial market: Compared with the modern inclusive financial system, the concept of the current rural financial system need to be updated; Legislation which regulates the rural financial activities exists in the form of formal document from the senior level, and farmers’ financial duties protection need to be improved; Rural financial systems are arranged by national administrative guidance and the administrative laws and regulations. It can be founded that the rural inclusive finance system is in dire need of improvement. With an eye to the optimization of guarantee mechanism of the rural inclusive finance, China should set the basic principles of government domination, people’s livelihood priority, inclined protection of rural venerable group’s interests and financial interests, improve the rural inclusive finance legislation system, establish a principal scientific inclusive rural financial legal system, perfect supporting legal system under the guidance of new development concepts of inclusive development, sustainable development and coordination development. By doing so, the legal guarantee of rural inclusive finance development can be optimized and the rural economic society can be promoted into a sound development.
Keywords/Search Tags:rural inclusive finance, financial right, legal system
PDF Full Text Request
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