Research on the Development of Rural Cooperative Finance in Heilongjiang Province
|Keywords||Rural cooperative finance Financial deepening Heilongjiang Province|
At present, China rural society Proceeds to a transitional period. Ruralstratification becomes increasingly obvious, showing the multiplication andclassification of financial needs. Rural cooperative financial echelon as a pivotal one,has a significant market demand and broad prospects for development. Meanwhile,with the deepening of central government’s principle strategy of building a newsocialist rural area, the rural financial services face newer challenges and higherrequirements. According to the preliminary estimation of the National Bureau ofStatistics, by2020, the total financial demand for new rural construction amounts toaround15trillion yuan, most of which will be provided by banking financialinstitutions. This brings in good opportunity for the development of rural cooperativefinancial institutions. In a nutshell, for the construction and cultivation of ruralfinancial market system, the rural cooperative financial system is a substantial powerin supporting China’s rural economic development. It also has an important empiricalvalue, and can accomplish much.As an important capital element of economic growth, rural cooperative financialsystem is undoubtedly an important and critical chain, and serves as a major force thatsupplies rural financial credit provision in formal rural credit cooperatives. It plays anirreplaceable role in supporting and promoting rural economic development. Since2003, the reform of rural credit cooperatives has proceeded into the deep end, theinstitutional reform has showed its welfare and economic effects. Meanwhile, in2006,the state reduced its control over access to rural financial market; rural commercialbanks and rural cooperative banks moved into a rapid development track. Under thecircumstances of political, social, and market optimization, the in-depth developmentof market economy and the gradual deepening of economic reform, and the dualeffects of the stock reform and incremental development, it should be said that ruralcooperative finance has entered into a golden period of development. This paper uses economics, finance and other basic theories, starts fromuniversality to particularity, from the general to the specific method of Marxistanalysis, carries out a fundamental theoretical analysis of rural cooperative finance,and learns from the experiences of foreign theoretical development of ruralcooperative finance. It also explores the rural cooperative financial problems and theirunderlying causes on the basis of the basic status quo Heilongjiang rural cooperativefinancial development. By means of this, it proposes a theoretical framework andmeasures to promote the rapid development of rural cooperative financial system.This paper is divided into seven sections. The first chapter describes the researchbackground and significance of this paper, the theoretical framework, content,research ideas, research methods, the potential innovations and limitations, anelaborate review of the rural financial cooperation experiences at home and abroad,and a detailed overview that summarizes the domestic and foreign scholars in relatedfields of research cooperative financial dynamics. Based on the connotation textanalysis of cooperation in finance and rural cooperative financial concepts, and thedefinition of the specific object of study in this paper, the second chapter proposes asystematic review China’s rural cooperative financial interpretation of the historicalpath of development in the new century. Further research needs in this article isrelated to financial theory. Chapter III provides a brief overview of foreign ruralcooperative financial systems, including Germany, France, the United States, Japanand other four countries. Specifically, it provides a comprehensive summary of thedevelopment of these countries, their rural cooperative financial success, andinspiration and reference of the development of rural cooperative finance. Chapter IVexamines the organization, business size, and other aspects of the economic effects ofHeilongjiang Province rural cooperative financial development status respectively,and sums up the role of the rural cooperative financial system in Rural EconomicDevelopment in Heilongjiang Province. Chapter V analyzes the problems ofHeilongjiang Provincial Rural cooperative financial system in the developmentprocess, and the reasons behind these problems. Chapter VI discusses the feasibilityof the rapid development of rural cooperative financial system in Heilongjiang Province, and provides policy recommendations on the development of ruralcooperative financial target model, management system, the external environment,and other aspects of the system to improve the reality of the path. Chapter VII is theconclusion part,It analyzes basic conclusions with the rural cooperative financialtheory and a combination of actual cases of Rural Cooperative Finance Developmentin Heilongjiang Province.The fundamental purpose of theory lies in guiding practice. This study hascertain theoretical value and practical significance for the promotion of rural financialreform.