Reseach On The Rural Credit Guarantee System Under The Perspective Of Promoting Rural Consumption Credit

The report of the18thNational Congress of the Communist Party of China had presentedthe view that priority among priorities of the Party’s work is to work out the matter ofagriculture, country and peasant well. At present, our rural economy has developed into a newstage, peasant possess huge consumer demand. Therefore, to enlarge the rural consumptioncredit market, satisfy the rural consumption credit needs, and improve the peasant’s creditconsumption level, developing the rural economy should be an essential move. Nevertheless,the imperfection current rural guarantee system, shortage of the guarantee subject,constriction of the guarantee object, singleness of the mode has led to ubiquity phenomenonof the loan difficulty between the peasant and financing institution, seriously impeded therural consumption credit development, restricted the enhancement of the rural consumptionand development of the rural consumption market.America, Germany, Japan, Bangladesh and Indonesia has already possessed a thoroughrural legal guarantee system, focusing on the matter of shortage of guarantee subject andobject, singleness of the guarantee mode and so on, who has established the rural creditguarantee institutions, perfected the rural credit guarantee subject, enlarged the rural securityguarantee object. The legal system of enlarging the rural credit guarantee object scope,implementing micro-credit, creating the rural credit guarantee mode has effectively solved theguarantee legal issue in the rural economy market which had blocked the development of therural credit consumption, strongly promoted the development of the rural credit consumption.The perfection of the rural credit guarantee system would effectively conquer the creditconstrain in rural financial market, enlarge the credit supply of the rural consumption market,promote the development of the rural credit consumption. Therefore, this paper is guided bythe principle of sustainable development and legalization, studies on the advanced legislationand practice of foreign rural credit guarantee mechanism under the perspective of promotingour own rural credit consumption, proposes a plan to enlarge the scope of credit guaranteeobject, perfects the assorted legal system and credit guarantee mode through a sane creditguarantee subject under the truth of our own county, so as to develop our county’s own ruralcredit consumption system.Except for the foreword and peroration, this paper could be divided into four major parts: The first part is about the general theory of rural credit guarantee mechanism under theperspective of promoting the rural consumption loan. In this part, theoretical basis of ruralcredit guarantee mechanism under the perspective of promoting the rural consumption loanhas been elaborated, which include economic theory like Transaction Costs Theory, SignalTransmission Security Theory, and economic law theory like Market Failure Theory,Government Failure Theory and Externality Theory.The second part is the research and summary of current implementation and deficiencyof rural credit guarantee mechanism under the perspective of promoting the rural consumptionloan. This part is consist of the subject, object and mode of rural credit guarantee which areused to elaborate the current implementation and deficiency of our country’s rural creditguarantee legal mechanism under the perspective of promoting rural credit consumption loan.The third part is the research of the practice of foreign rural credit guarantee mechanism,summary and mirror of their advanced experience under the perspective of promoting ruralcredit consumption loan. This part focuses on the subject, object and mode of the foreign ruralcredit loan so as to meet the core of this part.The last part is a proposal of the researcher to facilitate and perfect the establishment ofour own rural credit guarantee mechanism raised under our country’s system of the ownershipand national condition, viewed in the perspective of the subject, object and mode of the ruralcredit loan, in order to promote the rural consumption credit’s long lasting development.