The Research Of Property Rights Reform Relate To Rural Credit Cooperatives In Lishui Of Zhejiang Province

A large number of rural credit cooperatives, which has undergone several rounds of reform cycle, has taken place great changes in all aspects,as well as obtained the unprecedented achievement, but also faces many difficulties. This article used nine rural credit cooperatives in Lishui area as samples for overall assessment and reflection on property rights reform and development in recent years,as well as run an extended analysis of existence reasons, with the aim of finding out directions to make efforts on sustained deepening the reform.The first part of this article briefly reviews different ownership changes and reforms relate to rural credit cooperatives through the various periods in China.Historical facts proved that the core of reform to rural credit cooperatives is property rights. Property rights reform will be of great importance for rural credit cooperatives in resolving historical burdens itself, improving the corporate governance structure and even promoting the development of rural economy as a whole. If no scientific and definite property rights system is formed, the reform loses its fundamental meaning,development results will not be sustained, needless to say institutional mechanisms,corporate governance, service innovation,and so forth.The second part, assess the performance on property rights reform for recent years of nine rural credit cooperatives in Lishui area. First of all, fully affirmed that significant progress has been gained through the current round of reform, which gradually turns out to be excellent situation of steady progress in shareholding system reform, gradually clarified in corporate governance structure and sustained improve in business development results.But the unavoidable truth is that a series of deep-seated problems and contradictions is still exposed in the development process.How to objectively analyze and grasp the pros and cons, especially face the shortcomings and problems, is a basic prerequisite which must be clear for deepening the reform.The third part, comprehensively analysis the current problems and the fundamental crux reason of property rights reform. All kinds of difficulties faced by rural credit cooperatives currently such as the management system,operation mechanism andshortcomings in governance, can be described as one reason that is their own ability has not been effective improved, the fundamental core should still be attributed to the property reform is not in the real place. Specifically, it is still flawed in ownership structure, shareholder quality, dividend payout ratio, information disclosure and capital stock transfer and other aspects.The fourth part, around the current situation, this paper presents a viable option to optimize the route of property rights reform,which contains of reinforce the capital stock basis, optimizing ownership structure, build complementary mechanisms, improve corporate governance, accelerate mechanism conversion, set up trading platform. Firstly,we should continue to promote the transformation and verificate equity ownership,eliminate the false and retain the true, than make the equity base solidly. at the same time, strengthen the supervision of capital increase through the whole process. Secondly,speed up the introduction of strategic investment shares, make ownership relatively concentrate, strengthen shareholder composition and qualifications in order to enhance quality of shareholder. Thirdly, reject the error notion of “the capital stock is the more the better”as soon as possible, and determine a reasonable amount of equity according to the actual requirements of development experience and risk coverage,as well as build sustainable complementary equity mechanisms dynamically. Forthly, fouce on pushing provincial association regulate their duties, streamlining corporate governance,strengthening information disclosure and accelerating mechanisms change. Finally,scientificly assess the current value of the equity, and than build a platform.for equity trading and circulation as quickly as possible.