Rural Financial Reform in China: Progress Made and the Path Forward

Autor: Xingyuan Feng, Guangwen He, Christer Ljungwall
Jazyk: angličtina
Rok vydání: 2014
Předmět:
Zdroj: The Copenhagen Journal of Asian Studies, Vol 31, Iss 1 (2014)
Druh dokumentu: article
ISSN: 2246-2163
DOI: 10.22439/cjas.v31i1.4323
Popis: Significant progress has been made in reforming China's rural financial system. Nevertheless, the current institutions are unable to meet the multilayered and diversified demands for rural financial services. Establishing a comprehensive and efficient rural credit system to support the dynamic commercial sector of the rural economy, small-scale farming and small and medium-size enterprises is the major challenge in China. This article identifies bottlenecks and suggests policies to develop a well-functioning and sustainable agricultural and rural financial system that would address the diverse needs of the rural and agriculture sectors. To preview the policy recommendations, attention should be given first to legislation and supervision, and then to the corporate governance structure of financial institutions.
Databáze: Directory of Open Access Journals