Rural Finance in Poverty-Stricken Areas in the People's Republic of China
Balancing Government and Market
Business & Finance, Finance & Investing, Finance, Nonfiction, Social & Cultural Studies, Social Science, Sociology
| Author: | Xuechun Zhang, Zhongl Xu, Todd A. Manza, Minggao Shen, Enjiang Cheng | ISBN: | 9789292547639 |
| Publisher: | Asian Development Bank | Publication: | May 1, 2010 |
| Imprint: | Asian Development Bank | Language: | English |
| Author: | Xuechun Zhang, Zhongl Xu, Todd A. Manza, Minggao Shen, Enjiang Cheng |
| ISBN: | 9789292547639 |
| Publisher: | Asian Development Bank |
| Publication: | May 1, 2010 |
| Imprint: | Asian Development Bank |
| Language: | English |
Local financial institutions represent the best choices in the financial system for small and medium-sized enterprises and farming households. Government agencies in the People's Republic of China (PRC) have proposed policies that would relax market entry criteria and allow the creation of diversified rural financial institutions. These measures will help improve PRC's financial market structure, promote better rural financial services, enable financing of labor-intensive economic activities, and promote socioeconomic development. This publication offers an overview of rural finance in the PRC, examines current financial policy and models, and offers recommendations for future reform measures.
Local financial institutions represent the best choices in the financial system for small and medium-sized enterprises and farming households. Government agencies in the People's Republic of China (PRC) have proposed policies that would relax market entry criteria and allow the creation of diversified rural financial institutions. These measures will help improve PRC's financial market structure, promote better rural financial services, enable financing of labor-intensive economic activities, and promote socioeconomic development. This publication offers an overview of rural finance in the PRC, examines current financial policy and models, and offers recommendations for future reform measures.
