The Research On The Competitive Effect Of Rural Credit Cooperatives In Anhui Province

After the reform and opening up,China's financial industry has made great achievements,and goes into the acceleration development.But the "financial exclusion"problem has always hindered the development of China's financial industry.In the context of dual economic structure,the state-owned commercial banks have withdrawn from rural areas,the saving banks have been left out of the loan,and the slow process of rural credit cooperatives,which cause greater availability of rural financial services and impede the economic development,and then widen the gap between urban and rural areas.Under the general requirements of the development of Pratt & Whitney finance,it is urgent to solve the problem of financial exclusion in rural areas.The introduction of the country to actively introduce the corresponding policies to carry out rural financial reform,and hope to build demand-oriented rural financial organization system to build the local corporate financial institutions which can greatly support rural economy.The rural credit cooperatives is the main representative of such local corporate financial institutions,the restructuring began to accelerate.The state encourages rural credit cooperatives to form into rural commercial banks by shareholding reform in areas with relatively developed economy and high urban-rural integration.In China's current political system,the local government can effectively intervene in or control the local corporate financial institutions,many regional financial markets to a large extent are with the traces of local government shaping,and ultimately the formation of "local corporate financial institutions to a certain extent are belong to local government.Therefore,the rural credit cooperatives have also been deeply marked the brand of the local government.Rural credit cooperatives as the main force to support rural financial services,it plays a great role in promoting rural economic development.Local governments promote the reform of rural credit cooperatives is hope that rural credit cooperatives can lead the local economic growth.Under the economic performance evaluation system,good economic performance is often considered as an important prerequisite for political promotion.Economic decentralization and political promotion constitute the intrinsic motivation for local governments to develop their economies.In the pursuit of rapid economic growth under the goal of financial resources will undoubtedly become the main target of local government competition.Local governments have the inherent impulse to intervene in the financial industry,and promoting the establishment of local corporate financial institutionshas become the most direct and effective approach.Since 2011 years,rural commercial banks has increased more than 120 every year,under the full push of the China Banking Regulatory Commission,the formation of rural commercial banks are obviously quick.But why some counties and cities have successfully transformed rural credit cooperatives into rural commercial banks,while other counties and cities have not yet completed? Is there a strategic interaction between the counties and cities in the restructuring of rural commercial banks? In order to study and solve these problems,it is necessary to carry out a comprehensive and comprehensive qualitative and quantitative analysis on the causes of the establishment of local financial institutions before the national rural commercial banks have not been fully covered.In the second chapter,the development of rural credit cooperatives and the status quo of rural commercial banks in Anhui Province are described in the third chapter.The fourth chapter on the theoretical and practical analysis,begin to demonstrate that there is an comparisons effect in the establishment of local financial institutions.The fifth chapter uses the empirical analysis to test whether the establishment of local legal person financial institutions in Anhui Province has the effect of comparisons which can help us understand the logic of the establishment of local financial institutions.The sixth chapter puts forward some suggestions for the reform of rural credit cooperatives in other areas and the sustainable development of rural commercial banks in the future.The purpose of this paper is to regulate the competition behavior of local government by studying the competition effect of the establishment of local financial institutions,and to promote the further development of regional finance and avoid the distortion of resource allocation.The research idea of ??this paper is as follows: Firstly,the research background and meaning,method and technology route,related theory and possible innovation and deficiency of this paper are discussed in the preface,and the existing literatures are reviewed synthetically.Secondly,the development process of rural credit cooperatives,we describe the status quo of Anhui rural commercial banks.Thirdly,propose the propositions which need to be verified by the analysis of theory and reality.Then,construct the weight structure of the econometric model,and the empirical analysis is made on the establishment of rural commercial banks in Anhui Province.Finally,some suggestions are put forward to regulate the behavior of local governments and the development of local corporate financial institutions.The results show that the level of social and economic development and the degree of government financial autonomy have a significant impact on the establishment of rural commercial banks.In general,the higher the level of economic development in the region,the more inclined to rural credit cooperatives set up for rural commercial banks.The empirical results based on the spatial Probit model show that the establishment of the rural commercial banks in the surrounding counties and cities will stimulate the establishment of the rural commercial banks and the establishment of the local financial institutions under the consideration of the performance competition system.And the counter factual inference proves that there is a comparisons effect on the establishment of local financial institutions.These conclusions are of great practical significance to whether local governments can reasonably establish local legal person financial institutions and promote the sustainable development of local economy.