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

Xingyung Feng, Guangwen He, Christer Ljungwall

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    Abstrakt

    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.
    OriginalsprogEngelsk
    TidsskriftCopenhagen Journal of Asian Studies
    Vol/bind31
    Udgave nummer1
    Sider (fra-til)62-80
    ISSN1395-4199
    DOI
    StatusUdgivet - 2013

    Emneord

    • China
    • Rural finance
    • Economic reform

    Citationsformater