Sustainable Development of New Rural Finance in China

Rural finance is the weakest link in China's financial system. There are still many problems in the traditional rural finance, such as poor business conditions, imperfectly competitive financial markets, and credit information asymmetry; the phenomenon of farmers' loans difficulty has not been fundamentally changed. In order to improve the current situation of rural finance, the state proposes to develop new rural finance and innovate upon rural financial system. The new rural finance has many good development advantages, such as adequate information, flexible operation, and good potential quality of the assets. It is necessary to innovate upon financial products and services, establish the purpose of serving agriculture, countryside and farmers, strengthen the supervision of credit, and improve the financial infrastructure construction, so as to achieve sustainable developments.


Subject(s):
Issue Date:
2012-09
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/142322
Published in:
Asian Agricultural Research, Volume 04, Issue 09
Page range:
81-86
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-26

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