| At present, the situation that different ownership systems'coexisting is coming into being in China's rural economy. Vast households in family-contract responsibility system, village-owned enterprises, town-owned enterprises, various economic coalitions and economic cooperation organizations are forming the main body of China's rural economy. They need capital support and financial service for their production and operation. However, they are so small and disperse that it becomes difficult to get capital support and financial service from the state-owned banks. Therefore, they have to acquire capital support through cooperative especially credit cooperative in order to enter large developed markets, to control high risk causing by their small-scale, to strengthen their own competition. Therefore, it's necessary to reform the rural financial system, to establish and perfect the rural financial system basing on cooperative finance with the division and coordination from commercial finance and policy finance. As a formal system arranging, the rural credit cooperative (also main study object in this thesis), having existed for half a century, now can not meet the need of economic development in countryside. It also can not realize its fundamental goal to service for countryside, agriculture, farmers. It loses its three essential characteristics including mass-based organization, democratic management and flexible operation under the government-oriented mode of rural cooperative finance (RCF). For the above reasons, in the field of rural economy and finance, the call of reforming rural financial system is becoming stronger and stronger. Some even argue to reject the credit cooperative. The financial system basing on rural credit cooperative is now facing a crisis. Based on property right economics, new institutional economics, and basic principles of rural credit cooperative, this thesis analyzes the foundation of RCF's existing, developing process, current difficulties, and system defects. Then, the thesis elaborates and analyzes the rural economic subjects'demand of financial service and the gap between capital supply and capital demand as well its cause. At last, the thesis puts forwards the reform approaches of property right system, institutional structure, modes of operation and management, and its exterior environment according to the characteristics of countryside credit cooperative. The structure of this thesis is as following: Chapter 1 Introduction The first chapter elaborates the study object, the target, the significance as well as the study approaches. It also reviews the previous research at home and abroad and shows the possible original achievement in the thesis. Chapter 2 Basic theories of Rural Cooperative Finance (RCF) Starting from the theory of cooperative economic and cooperative finance, this chapter studies the theories about RCF and system change. Then, this chapter concludes that the cooperative finance has cost advantages to meet the capital demand in countryside. So, the rural financial reform in China is to establish and perfect the rural financial system basing on cooperative finance with the division and coordination from commercial finance and policy finance. Chapter 3 Comparison among systems and modes of RCF in the world Each country has its own complete administrative system of RCF. This chapter studies and compares the cooperative financial modes in Germany, America, French, Japan, and India. Then it gets the useful experiences from the study. The experiences includes: to obey the cooperative principle, to establish cooperative bank system from bottom to top, to complete the service performance and measure of RCF, to complete the elgislation on RCF and to strengthen the support from government's policies. Chapter 4 Developing process, current problems and causes of China's RCF Firstly, this chapter differentiates the different stages of China's RCF and analyzes and evaluates their characteristics and current situation. Then, it elaborates the experiences and lessons and the main problems from system change of RCF. They includes: non-cooperative management, false property right, displacement of ownership, incomplete corporate governance, weak support from government, etc. Then it points out the reasons of the problems including important defects in system design, incomplete legislation and policies, imperfect exterior environment. All of these become the foundation of the further study on institutional innovation and possible solutions. Chapter 5 Analysis on capital supply and demand of China's RCF Firstly, this chapter discusses the tendency of rural economy development in China and the features of capital demand. It analyzes the requirement of cooperative finance from the two aspects of household and small and middle-sized enterprises. Then, it discusses the capacity of capital supply of institutions'of RCF (rural credit cooperative ) and the reason for the existing and evolution of cooperative fund and folk debit and credit sides. The author concludes that the folk debit and credit side exists because of insufficient supply of rural regular finance and distortion of cooperative finance system. So the suitable China's RCF should be found as soon as fast. Chapter 6 Property right reform of China's RCF This chapter illuminates the positive and negative performance especially the negativeperformance of the property right system of China's RCF basing on property right economics. Then it brings forwards the transition mode and goal mode of the property right reform of China's RCF through the comparison among the three modes of cooperation, shareholding system and share cooperation. The structures of sole mode or multi-mode are both suitable in the same region in the transition period. Different modes including cooperation, shareholding system and share cooperation can be applied if they can promote the production and economy development under the efficient, economy and stable principle. The key is to establish the real property right system of RCF and the rural financial enterprises suitable for the development of rural economy with clear property right, democracy management. For long term, it's necessary to establish and perfect the frame of property right system and the support system by reforming the rural credit cooperative and other rural financial institutions. Chapter 7 Institutional innovation of China's RCF There are various finance demand with the various ownerships and various levels of economic development under the situation of socialist market economy. Thus, it becomes urgent to establish and perfect the institutions of RCF under the situation. On the basis of the previous study, the chapter proposes the innovation of institutional system by establishing rural cooperative bank, innovation of operation mode by combining non-commercial operation and commercial operation effectively, innovation of management system by the Central Bank's supervision and the trade's self-discipline. Chapter 8 Corresponding measures to property right reform and institutional innovation of China's RCF This chapter puts forwards the relevant support measures and policy suggestions for the reform of China's RCF its institutional innovation from different perspectives including the active macro-control and rural economy policies, the public participation, the government support and legislation on cooperative finance.
|
PDF Full Text Request