Studies On The Corporate Governance Structure Of Rural Credit Cooperatives' Banking Reform

Since the reform and opening up,the rural financial reform has made breakthrough progress,which has played an active role in promoting agricultural production,increasing farmers' income and rural economic development.However,from the macroeconomic development and the whole financial system,rural finance is still the weakest link in the financial system of our country.As a core institution in rural financial system,the rural credit cooperatives should be reformed steadily,which is of great significance.Since the reform of rural credit cooperatives in the implementation of national key provinces and cities in 2003,the process has been speeded up.In 2010,the CBRC promulgated the "Regulations on accelerating the joint-stock reform of rural cooperative financial institutions guidance",which clearly decides the direction of rural credit cooperatives' banking reform.With the deepening of reform,some historical problems of the rural credit cooperatives have been alleviated,but some problems such as the lack of property rights and corporate governance structure are still deeply rooted.Overall,the key point of the reform is to perfect the banking reform's internal and external corporate governance structure,so this paper mainly from the system of property rights,the board structure and management level of the Provincial Association research the problems of corporate governance in the process of banking reform,in order to provide guidance for promoting the whole country rural credit cooperative banking reform.Based on theoretical analysis,case analysis and game theory analysis,this paper studies the corporate governance of rural credit cooperatives' banking reform.First of all,through analysing the obstacles of existing cooperative and the transition of cooperative stock system,the paper confirms that banking reform is the inevitable choice for the future of the rural credit cooperatives.Then from internal and external corporate governance structure,this paper analyses the corporate governance of rural credit cooperatives' banking reform.In order to analyse of internal governance structin the company,with the help of cooperative finance theory,institutional economics,property economics and principalagent theory,we put forward that in the process of rural credit cooperatives' banking reform rural credit cooperatives should further clarify the property right and establish a real corporate governance structure,from the property right and the board of directors.In the analysis of external governance structure in the company,focusing on the analysis of the "Provincial Association" model,and through the establishment of game model in the Provincial Association and grass-roots union management,we conclude that bank reform is difficult to be promoted.Finally,on the basis of the analysis of corporate governance structure,combining with the case of Shandong rural credit cooperatives' banking reform,we put forward policy recommendations for the future reform of rural credit cooperatives,and conceive specific model of rural credit cooperatives' banking reform.