Research On The Financial Innovation Of The Rural Credit Cooperatives In Hebei Province

In2013the State Council issued the No.1central document of "The certainopinions on accelerating the development of modern agriculture to further enhance thevitality of rural development", which emphasizes the importance of "improving therural financial services", reflects the great importance of central government attachesto agriculture and rural financial problem. Rural credit cooperatives are the main forcein rural finance, with the goal of building a new socialist countryside, thedevelopment of the rural economy has put forward higher requirements for the ruralcredit cooperatives, requested a greater improvement on the strength, depth andbreadth of the financial support to agriculture. In this economy, the rural creditcooperatives in Hebei Province accelerating the step of innovation of rural financialservice. In order to develop the financial innovation model and promote the effect offinancial services of rural credit cooperatives in Hebei Province, the paper studies theproblems of rural support, the necessity of innovation on the supporting methods, andsummarizes the advanced innovation cases on the basis of investigation.The first chapter expounds the significance of the research problem, through thereview of domestic and international research status, summarizes from the mode ofrural financial development, the problems and advanced experiences of the ruralcredit cooperatives on rural support, the credit demand and rationing. This leads tolearn advanced experiences to solve the problems of financial innovation in ruralcredit cooperatives in Hebei.The second chapter summarizes the related theories and the advancedexperiences of both in China and abroad. Firstly, introduces the basic theory offinancial innovation should follow: financial innovation theory, rural financial markettheory, imperfect competition market theory, demand following theory. Secondly,refines the experiences and enlightenment from the Bangladeshi microfinance mode,Indonesia mode of microfinance, and the appropriate letter company "should state"model.The third chapter embarks from the present situation and problems of financialservices of Hebei rural credit cooperatives, to analyze the present situation from theaspects of the scope of services, deposit and loan scale, level of service, innovation and development, and then reveals the problems in financial support of rural creditcooperatives in Hebei province.In the fourth chapter, through the method of case description and comparativeanalysis, summarizes the typical innovation mode of rural credit cooperatives inHebei Province, and combined with a specific loan case for description and analysis.Comparing the advantages, disadvantages, explicabilities of the advanced methods,which includes the innovations in mortgage pattern, credit services, guaranteemechanism and credit management system.In the fifth chapter, according to the practice of financial innovation of Hebeirural credit cooperatives, draws the following conclusions and inspiration: financialinnovation should find support object, the fundamental starting point is to meet thefinancial needs of farmers; focuses on the credit product innovation is the key point;to establish risk control and improve the sharing mechanism; seek the government’spolicy support, strengthening supporting mechanism construction.Finally, putforwards some rational suggestions from the aspects of RCC construction, externalenvironment and policies to improve the quality of financial servises of the ruralcredit cooperatives in Hebei.