Innonvation Of China’s Rural Financial System

This innovation in rural financial system for the study, analysis of China’s rural financial institutions in the development status and problems, based on the advanced experience of the United States learn that China’s rural financial system innovation path selection.First, by analyzing the Agricultural Bank of China, China’s agricultural Development banks, Rural credit cooperatives, China Postal Savings Bank and private financial institutions found that the Agricultural Bank’s operating efficiency is not high, market-oriented reforms affect the "three rural" and support; China Agricultural Development Bank sources of financing single, multiple adjustment policies led to the weakening of its support agriculture function; rural credit cooperatives, rural finance is becoming the main force, but it also has high administrative costs, high rate of non-performing loans and poor management and other issues; China Postal Savings Bank’s business in the rural areas there is an upward trend, but the sources of financing single, inadequate corporate governance structure and quality of personnel is not high in rural areas is restricting its conduct of business; private finance is a useful complement to the rural financial market, But the lack of legal protection, lack of normative development and risk-resisting ability is poor the main problem facing private finance.Secondly, the rural financial market by the U.S. research found that rural financial markets in order to ensure the supply of funds, financial institutions must diversify, diversify financing channels to rural areas must be relatively independent of the operating funds, the government must raise funds to provide credit guarantee the same time, have a sound legal order to ensure the normal operation of rural financial markets.Combined with China’s rural financial market development situation and learn the advanced experience of the United States, the authors believe that China’s rural financial system of innovation can start from the following perspective:First, clear the field of agriculture of the commercial banks, the proper development of a number of small commercial credit organizations; Second, the reform of rural credit cooperatives, to implement the new rural cooperative development of the organization; again, to accelerate the reform of financial institutions policy, clear the field of agriculture and its business relationships with commercial banks; Finally, the introduction of law and good policy, efforts to achieve non-financial, especially community banks normalization.