A Research On The Development Status Of Rural Mutual Fund Cooperatives

For a long time, the insufficient supply of financial services in rural areas, especially the shortage and a huge outflow of funds has become an important factor of restricting the development of the rural economy, the increase of "agriculture, rural areas and farmers" income, and the construction of a new socialist countryside. With the continuous development of the rural economy and society, frequency and scale of demand for funds gradually increase, the contradiction of the current situation of the money supply and rising financing demand is more and more prominent. Under this background, the rural mutual fund cooperatives arise at the historic moment and develop rapidly. They have become one of the important financial strengths of supporting farmers to expand production scale, improve their living conditions, and get rid of poverty to rich.Guangyuan City in Sichuan Province is a typical underdeveloped economic region in the western of China, with a weak industrial base, lagging economic development and poor agricultural production condition. With the help of the governments, the various kind of rural mutual fund cooperatives have carried out the pilot, with source of funds, operation and management, and capital operation conducted on the bold innovation, and several beneficial mutual fund patterns are explored gradually. The rural mutual fund cooperatives not only meet the demand of the local financial services effectively and fill the blank of rural financial services, but also promote the development of rural economy and society.First of all, the author explores the root of the existence and development of the rural mutual fund cooperatives from research status on cooperative finance at home and abroad, and selects three representative rural mutual fund cooperatives in Guangyuan City to survey and analyze, including Cangxi Yimin rural mutual fund cooperative, TCC5 in Wangcang, and Qingchuan Zhongxin rural mutual fund cooperative. Then the author analyzes them from pilot background, development situation, operation mechanism and innovative activity, compares the different features of three kinds of the rural mutual fund cooperatives, and summarizes the effect. Secondly, the author expounds unique strengths, weaknesses, opportunities and threats of the rural mutual fund cooperatives in rural financial services market by SWOT analysis method. Finally, combined with the lesson of the collapse of the rural cooperative foundations in the 1990's, the author proposes the policy suggestions on supporting the sustainable development of the rural mutual fund cooperatives from two aspects of internal and external mechanism.