Study On Perfection Of Rural Financial Organization System In Henan Province

Finance is the core of modern economy, and the situation of financial system in one country (or region) is a reflection of it's financial development. Rural economic development is the basis of the stability of China's national economy, to ensure the rapid and stable development of rural economy, there must be a standard and sound rural financial system to provide financial support and protection. Henan Province is a major agricultural province, in context of the financial crisis and food crisis, the basic position of agriculture is particularly important, and it's self-evident to improve the system of rural financial organizations, and strengthen the function of finance-led rural economy to promote agricultural production., co-operation finance is playing the main role in the existing rural financial system of Henan Province, policy-oriented finance and commercial finance are also playing an important role, with seemingly integrity in the organizational structure of the system and high coverage. But in the realistic situation, the supply of the formal financial institutions in rural areas is far from meeting financial needs of the rural economic development, mainly of financing difficulties for farmers and rural enterprises.Rural economy bodies seriously lack funds, to a large extent, has become a constraining bottleneck for economic development in rural areas. The reasons for the existence of deficiencies in rural financial system are as follows: the dual structure of rural finance, the perception of rural financial institutions, and a vague position of rural financial institutions, functional deficits of rural financial organizations, lack of diversification of rural financial organizations, having increased transaction costs of the agriculture-related financial services, resulting in financial institutions'exist from financial markets of rural areas for commercial profit; single financial services supply of policy-oriented financial institutions, and low service coverage; cooperation finance unable to support agriculture; rural liabilities and one-way financing in postal savings causing a deterioration of the rural ecological environment.Construction of a sound rural financial system will help increase the availability of financial services in rural areas, and make rural finance fully play the role of promoting the rural economy. Rural credit cooperatives are the main force in rural finance, has unique advantage of being adapted to the rural environment. It's necessary to take good advantage of the main function in its "agriculture, countryside and farmer" services under the premise of further improvement of rural financial ecological environment. At the same time, the majority of the rural areas should vigorously develop new-type rural financial institutions, enrich the types of rural financial organizations, promote the development of policy-oriented financial services in rural areas, at the same time, take effective measures to promote the postal savings banks in the rural areas to strengthen the function of circumfluence of capitals absorbed from rural areas, combined with the introduction of policy-oriented rural insurance, attract commercial financial participation in rural financial activities. This article is divided into six parts:The first part is the introduction. First of all, it provides the background and significance of the research, defines the concept of the rural finance, gives a brief introduction and commentary on the theory of financial development in rural areas and researches at home and abroad, puts forward studies methods and goals of the paper, and shows the possible innovation and lacks of the thesis.The second part is the historical analysis of Henan's rural financial organization system., pointing out that reform of Henan's rural financial organization system is divided into three stages: the exploratory phase, the rapid development stage, the stage of deepening.The third part is reality scan of Henan's rural financial organization system. It gives a brief introduction on the development of rural financial organization system, and respectively analyzes the status quo of the banking financial organizations, non-bank financial organizations, non-governmental financial organizations.The fourth part is the analysis of problems in Henan rural financial organization system. It is mainly expressed in a vague position of rural financial institutions, rural financial organizations deficits, lack of diversification of rural financial organizations, distemperedness of agricultural insurance system, lack of necessary norms and the protection in non-governmental financial organizations.Part V is the analysis of defects in Henan's rural financial institution system. It is mainly expressed in the lack of efficiency of the rural financial system, lack of competition in rural financial organization system and the faultiness of the financial ecological environment in rural areas three.Part VI is the reconfiguration of rural financial organization system. It proposes the overall organizational goals and the basic framework of the rural financial system reconstruction and puts forward policy recommendations for the effective functioning of the rural financial organization system.