Groping For The Reform Of Rural Financial Diversification

Finance has close relativity with economic development, which has been a consensus in academia. In modern economy, finance has been called the engine of the economic development. Its nucleus status and dominant role have been becoming more and more obvious. With the fast advance of the International Financial Integration and Financial Deregulation, developing countries not only have gained a god-given opportunity to develop their financial industry, but also are confronted with the great challenge. For example, a great financial crisis broke out in Southeastern Asia at the end of last century. This crisis clearly reflected the frangibility of the financial system and financial industry in these developing countries. Therefore, in order to maintain their advantage and financial safety, developing countries must stick to reform their financial systems. So the financial system can be optimized and the financial resource can flow freely. In this way, territorial economy and finance can develop harmoniously.Since the entry into WTO, China has been gradually becoming an important link of the international financial system. And our traditional financial system is confronted with more austere challenge. At the same time, China's socialism market economy is gradually mature, and constructing the all-round Xiao-Kang society and harmonious social system will be the most important theme of our society for a long time. Our social system will be adjusted in many facets. Under this condition, how to reform our financial system profoundly will be not only a problem of financial safety and economic safety, but also a great issue of social economy's sustainable development.Rural finance is the feeblest link in China's financial system. Its basic function, severing country, agriculture and peasants, is weak all the time. And, under the new conditions, this problem is becoming more and more severe in the process. It has become one of the bottlenecks of economic development. Since the reform and opening-up to outside world, China's financial reform has gained great achievement, but it has...