Study On The Path Dependency And Policies Of China's Rural Financial Reforms

In recent years, with the strategic adjustment of the State commercial banks, the transition of the functions of Agricultural Development Bank and the deepening of the reforms on rural credit cooperatives, the overall functions of rural credit system has been weakened and cannot meet the demand of agricultural and rural development. Based on the analysis to the major problems existing in rural credit system and path dependency theory, this paper tries to find out the institutional weaknesses of the current rural credit system and reposition public finance, commercial finance and rural credit cooperatives in the hope of establishing an efficient operational mechanism and strengthening the whole function of rural credit system and forming a strong supportive force for agricultural and rural development.