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El. knyga: Finance in Rural China [Taylor & Francis e-book]

(China Agricultural Univ.of Economics & Management, China), (Chinese Academy of Social Science), (Chinese Academy of Social Sciences, China), (Swedish Agency for Growth Policy Analysis, China)
  • Formatas: 140 pages, 25 Tables, black and white; 12 Line drawings, black and white; 12 Illustrations, black and white
  • Išleidimo metai: 24-Mar-2023
  • Leidėjas: Routledge
  • ISBN-13: 9781003369776
Kitos knygos pagal šią temą:
  • Taylor & Francis e-book
  • Kaina: 147,72 €*
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  • Standartinė kaina: 211,02 €
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Finance in Rural ChinaDidesnis paveikslėlis
  • Formatas: 140 pages, 25 Tables, black and white; 12 Line drawings, black and white; 12 Illustrations, black and white
  • Išleidimo metai: 24-Mar-2023
  • Leidėjas: Routledge
  • ISBN-13: 9781003369776
Kitos knygos pagal šią temą:
Taylor & Francis e-booksMore info about Taylor & Francis e-books
Partnerių interneto svetainė: https://www.taylorfrancis.com/books/9781003369776

This book offers insights into the scholarly debates on formal and informal finance in rural China and fills a gap in the existing literature.

The book provides an overview of the overall development of rural finance in China and explains the necessity of embarking on the pathway toward rural financial pluralization through the "Local Knowledge Paradigm". The authors also analyze formal and informal financial development and inclusive finance (including digital inclusive finance) in rural China in various dimensions.

This book aids the understanding of the structure of the rural financial system and the operations of rural financial service providers in China. It will be a useful reference for those researching and interested in rural economy and rural finance.



The book offers insights into the scholarly debates on formal and informal finance in rural China and fills a gap in existing literature.

 

List of Figures
x
List of Tables
xi
Preface xiii
List of Contributors
xx
1 Towards a Competitive and Inclusive Financial Market in Rural China: A Theory-driven Approach
1(21)
Xingyuan Feng
Christer Ljungwall
Horst Lochel
1 Introduction
1(1)
2 Existing Rural Finance Paradigms
2(2)
2.1 The Subsidized Credit Paradigm
2(1)
2.2 The Rural Financial Systems Paradigm
3(1)
2.3 Incomplete Market Paradigm
4(1)
3 The Local Knowledge Paradigm as a New Rural Finance Paradigm
4(1)
4 The Structure of China's Rural Financial System
5(2)
5 Demands for Rural Financial Services
7(5)
5.1 Structure and Diversity of Demand
7(1)
5.2 Meeting the Financing Demand of Farm Households
8(3)
5.3 Meeting the Financing Demand of SMEs in Rural Areas
11(1)
6 Development of Rural Formal, Semi-formal and Informal Finance
12(5)
6.1 Development of Agricultural Bank of China
12(1)
6.2 Development of Rural Credit Cooperatives
13(1)
6.3 Postal Savings Bank and Policy-Oriented Banks
14(1)
6.4 Development of New Financial Institutions
15(1)
6.5 Development of Informal and Semi-formal Finance
16(1)
7 Improving Financial Market Mechanisms
17(2)
8 Concluding Remarks
19(3)
References
19(3)
2 70 Years' Evolution of the Rural Financial System of the People's Republic of China
22(20)
Tongquan Sun
Xingyuan Feng
Chong Dong
1 The Establishment of Rural Financial System and the Formation of State Banking Institutions
23(2)
1.1 Strategy and Objectives
23(1)
1.2 Progress
23(1)
1.3 Achievements and Deficiencies
24(1)
2 The Establishment of a Specialized Banking System and the Initial Formation of a Rural Financial Market
25(1)
2.1 Reform Strategy and Objectives
25(1)
2.2 Main Reforms and Implementations
25(1)
2.3 Achievements and Deficiencies
26(1)
3 Die Formation of Rural Financial System in Wliich Different-type Institutions Working Together
27(1)
3.1 Reform Strategy and Objectives
27(1)
3.2 Main Reform Contents and Implementations
28(2)
3.3 Achievements and Deficiencies
30(1)
4 Die Further Open-up of the Rural Financial Market and the Formation of a Modern Rural Financial System
31(4)
4.1 Reform Strategy and Objectives
31(1)
4.2 Main Reform Contents and Implementations
32(2)
4.3 Achievements and Deficiencies
34(1)
5 Construction of a Rural Inclusive Financial System
35(4)
5.1 Reform Strategy and Objectives
35(1)
5.2 Main Reform Contents and Implementations
36(2)
5.3 Achievements and Deficiencies
38(1)
6 Outlook of the Reform and Development of the Chinese Rural Financial System
39(3)
6.1 Continue to Adopt the Principle and Direction of Marketization and Market Opening to Promote the Reform of the Rural Financial System
39(1)
6.2 Continue to Construct Rural Financial System Suitable for Serving the "Agriculture, Rural Areas and Farmers"
39(1)
6.3 Further Strengthen the Construction of Rural Inclusive Financial System
40(1)
6.4 Accelerate to Complete Rural Financial Legislation
41(1)
References
41(1)
3 Farm Households' Demand for and Access to Loans in Rural China
42(18)
Guangwen He
Jing He
Pel Guo
1 Die Problem Statements
42(2)
2 Die Source of Data and the Basic Situation of the Sample Farmers
44(2)
2.1 Data Source and Sample Description
44(1)
2.2 Farmers' Production and Operation and Income Characteristics
44(2)
3 Evolution of Farmers' Credit Demand and Credit Accessibility
46(4)
3.1 Farmers' Credit Demand Remains Strong and Formal Credit Satisfaction Rate is Still Low
46(1)
3.2 Informal Credit is Still the Main Channel for Farmers to Meet their Credit Demands
47(1)
3.3 The Degree of Formal Financial Satisfaction of Farmers' Productive Credit Demands Has Increased
48(1)
3.4 Collateral and Guarantee Are Still the Main Ways for Farmers to Obtain Formal Credit
49(1)
3.5 Die Degree of Self-exclusion of Financial Services for Farmers is Still High
49(1)
4 Die Hierarchical and Structural Characteristics of Farmers' Credit Demand
50(1)
4 I Demands of Farmers with Different Production and Operation Modes Are Still Relatively Strong
50(6)
4.2 All Types of Farmers' Borrowing Still Rely Heavily on Informal Financial Channels
52(1)
4.3 Farmers at All Levels of Income Have Relatively High Credit Demand
52(3)
4.4 The Credit Demand of Small-scale Farmers Remains Relatively Strong
55(1)
5 Countermeasures for Deepening Credit Services for Farmers
56(4)
References
58(2)
4 Ownership, Governance and Interests of Financial Institutions within the Rural Credit Cooperative System
60(14)
Xingyuan Feng
1 An Overview of the Reform Process
60(3)
2 Policy Impacts: Advantages and Disadvantages
63(1)
3 Current Ownership Structures of RCCs and Rural Cooperative Banks are Detrimental to Operations
64(4)
4 Distribution of Responsibility, Rights and Interests of Financial Institutions unthin the RCC System
68(2)
5 Opportunities Remain for New and Genuine Rural Credit Cooperatives to Prosper
70(2)
6 Downscaling Branches and Services Fit Best the Interests of RCC Institutions
72(2)
References
73(1)
5 Improving the Financial Sustainability of the Financial Institutions within the RCC System: Problems and Policy Options
74(11)
Xingyuan Feng
Xiang Yan
1 Introduction
74(1)
2 Factors Affecting the Sustainable Development of the RCC Institutions
75(5)
2.1 Ownership Structure and Governance of the RCC Institutions
75(1)
2.2 Risk Factors
76(2)
2.3 Other Factors
78(2)
3 Countermeasures to Promote the Sustainable Development of RCC Institutions
80(5)
3.1 Improving the Management and Business Operation of RCC Institutions
80(2)
3.2 Further Pushing Forward the Reform of the RCC Institutions
82(2)
References
84(1)
6 The Development of Digital Inclusive Finance in Chinese Counties: Index Construction, Measurement and Analysis
85(24)
Xingyuan Feng
Tongquan Sun
Chong Dong
Xiang Yan
1 Introduction
85(1)
2 Concept Definition and Literature Review
86(1)
3 Construction and Measurement Method of Digital Inclusive Financial Development Index of Chinese Counties
87(8)
3.1 Compiling Principles of Digital Inclusive Financial Development Index of Chinese Counties
87(1)
3.2 Data Sources
88(1)
3.3 Construction of the Digital Inclusive Financial Development Index System for Chinese Counties
88(4)
3.4 Determination of Weights
92(2)
3.5 Measurement Method of Index Score
94(1)
4 Measurement Results and Analysis of Scores of Indicators at All Levels of the Digital Inclusive Financial Development Index System
95(10)
4.1 Die Overall Situation of the Development of County Digital Inclusive Finance in China
95(3)
4.2 Comparison of Digital Inclusive Financial Development in Different Regions and Counties
98(1)
4.3 Development of Digital Inclusive Finance in Different Provinces and Counties
99(2)
4.4 Analysis of the Top 100 Counties in the Development of Digital Inclusive Finance of Chinese Counties
101(4)
5 Conclusions and Policy Considerations
105(4)
5.1 Conclusion
105(1)
5.2 Policy Considerations
106(1)
References
107(2)
7 China's Financing Support for Poverty Alleviation
109(25)
Tongquan Sun
1 Introduction
109(1)
1.1 Lack of Funds for Development in the Rural Poor Areas of China
109(1)
1.2 Die Importance of Finance for Poverty Alleviation and Development
109(1)
2 Specialized Financial Policies for Poverty Alleviation
110(6)
2.1 Credits for Poverty Alleviation
110(5)
2.2 The Policy of Insurance for Poverty Alleviation
115(1)
2.3 Participation of Capital Market for Poverty Alleviation
116(1)
3 Die Evolution of Comprehensive and Targeted Financial Policies for Poverty Alleviation
116(4)
3.1 Financial Poverty Alleviation Policy as a Basic Public Financial Service
116(1)
3.2 Policies for Developing Inclusive Finance
117(1)
3.3 Complete, Comprehensive and Targeted Financial Poverty Alleviation Policies
118(2)
4 Monetary, Regulatory and Fiscal and Tax Support Policies in Compliance unth Financial Poverty Alleviation
120(3)
4.1 Monetary Policy
120(1)
4.2 Financial Regulatory Policies
121(1)
4.3 Fiscal and Tax Policies
122(1)
5 Progress and Effectiveness of Finance for Poverty Alleviation
123(8)
5.1 Government-led Subsidized Loans
123(2)
5.2 Microfmance of Non-governmental Organizations
125(1)
5.3 Rural Mutual Funds in Poor Villages
126(1)
5.4 New Mechanism of Policy-Oriented Banks
127(1)
5.5 Innovation in Financial Mechanism and Products of Other Commercial Banks
128(1)
5.6 Innovation of Insurance Products for Poverty Alleviation
129(1)
5.7 Role of Capital Market for Poverty Alleviation
129(1)
5.8 Role of Rural Internet Finance
130(1)
5.9 Stimulation by the Monetary and Regulatory Policies
130(1)
6 Summary
131(3)
6.1 Experiences
131(1)
6.2 Outlook for the Future
132(1)
Reference
133(1)
Index 134
Xingyuan Feng is Research Fellow of the Rural Development Institute of the Chinese Academy of Social Sciences (CASS), Deputy Secretary-General of the Center of Small and Medium Scale Banking Institutions of CASS, and Professor at the University of CASS. He received his PhD in economics from the University of Witten/Herdecke, Germany. Xingyuans main research fields include the Australian School of Economics, Freiburg School, Public Choice, constitutional economics, new institutional economics, evolutionary economics, private sector development, government finance, banking and finance, SME finance, rural finance, as well as local and rural governance.

Guangwen He is Professor of the Department of Finance and Director of the Center for Rural Finance & Microfinance Research at China Agricultural University. He focuses on rural finance, cooperative finance, microfinance & inclusive finance, financial demand & supply of farm households & MSEs and institutional & business innovation of small & medium financial institutions. Guangwen has been very active in field surveys. He was Visiting Professor at Duisburg University, Germany and Visiting Researcher at Norinchukin Bank Research Institute, Japan. He has also provided his expertise in microfinance and rural finance projects of the World Bank, ADB, IFAD, KFW etc., in China.

Tongquan Sun is Research Fellow and Director of the Rural Finance Research Office of the Rural Development Institute (RDI) of the Chinese Academy of Social Sciences (CASS), Professor at the University of CASS and Secretary General of the Rural Development Society of China. He received his bachelors and masters degree from the University of International Business and Economics (UIBE) in economics and law, respectively, and PhD from the Post-graduate School of CASS in Management. He was a visiting scholar at Duke Universitys Sanford School of Public Policy in the USA. He is a recipient of the Prize for Rural Development Research in China. He has provided consultancies to the government of China, some international development organizations, such as the World Bank, UNDP, IFAD, ILO, United Nations Resident Coordinators Office in China and international and national NGOs. His main research interests are microfinance, financial inclusion, rural financial cooperatives, credit guarantee and poverty reduction, etc.

Christer Ljungwall is an economist specializing in international trade, knowledge production and innovation. He is Associate Professor in economics at Gothenburg University, Sweden. He has held several positions over the years, including guest Professor at PKU-HSBC Business School in China; Science Counselor at the Embassy of Sweden in China; Associate Professor at Copenhagen Business School, Denmark; Sr. Economist with the Asian Development Bank; and Research-fellow at Peking University, China. He is the author of numerous academic articles in economics, four books, and more than one hundred reports. His current research work focuses on international trade, knowledge production and innovation and geoeconomics. He is an advisor to governments and businesses and a frequently invited speaker on issues pertaining to Asian economic development and innovation. Dr. Ljungwall received his PhD in economics from Gothenburg University in 2003.
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