Publication:
Reform of China's Rural Credit Unions : Policy Note

dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-14T15:17:23Z
dc.date.available2013-03-14T15:17:23Z
dc.date.issued2009-06-12
dc.description.abstractThe reform of the Rural Credit Unions (RCUs) currently faces a number of major inter-related challenges. These must be resolved if China is to create a 'modern rural financial system'. The key issues facing policy-makers are: Consolidating independent shareholder ownership in order to realize effective corporate governance and create sustainable commercial financial institutions; reshaping the relationship between provincial governments and the RCU system in order to bring to an end direct government administrative intervention in RCU management; preventing government subsidies and special policies, which are intended to ensure that RCUs meet policy goals to support the rural economy, from generating rent-seeking behavior and moral hazards that undermine commercial sustainability; and enabling the growth of a diverse range of rural financial institutions that would create competition and force greater efficiencies in rural financial markets. Policy reforms since 2003 have sought to address these issues, but they have yet to achieve their goal. The need for more change is widely recognized, and the authorities now have the opportunity to implement further reforms in order to create a flexible, diverse, efficient and responsive rural financial market that is both vibrant and disciplined.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/06/16453093/china-reform-chinas-rural-credit-unions
dc.identifier.urihttps://hdl.handle.net/10986/12719
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO LOANS
dc.subjectACCOUNTING
dc.subjectACCOUNTING SERVICES
dc.subjectACCOUNTING SYSTEMS
dc.subjectADMINISTRATIVE CONTROLS
dc.subjectAGRICULTURAL BANK
dc.subjectAGRICULTURAL LOANS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAUDITING
dc.subjectBAD DEBTS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBOARDS OF DIRECTORS
dc.subjectBORROWER
dc.subjectBRANCH NETWORK
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCASH PAYMENTS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL FOR LOANS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNITY DEVELOPMENT
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE CREDIT
dc.subjectCONFLICT OF INTERESTS
dc.subjectCONSOLIDATION
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectCOOPERATIVE BANKING
dc.subjectCOOPERATIVE BANKS
dc.subjectCOOPERATIVES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOSTS TO BORROWERS
dc.subjectCREDIT ASSESSMENT
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CARD
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEMS
dc.subjectCREDIT SYSTEMS
dc.subjectCREDIT UNIONS
dc.subjectCROP FAILURE
dc.subjectDEBTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT OF CREDIT BUREAUS
dc.subjectDIRECT INVESTMENTS
dc.subjectDIVERSIFICATION
dc.subjectDIVIDENDS
dc.subjectDONOR SUPPORT
dc.subjectEARNINGS
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC POLICIES
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT
dc.subjectENTRY THRESHOLD
dc.subjectENTRY THRESHOLDS
dc.subjectENVIRONMENTAL
dc.subjectEXIT MECHANISM
dc.subjectEXTERNAL SHOCKS
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL EXPERTISE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL REFORM
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE PROVIDER
dc.subjectFINANCIAL SUPPORT
dc.subjectFORMAL BANKING
dc.subjectFORMAL BANKING SYSTEM
dc.subjectFORMAL BANKS
dc.subjectFUTURES
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGOVERNMENT SUPPORT
dc.subjectGOVERNMENT SUPPORTS
dc.subjectGROUP GUARANTEES
dc.subjectGUARANTOR
dc.subjectGUARANTORS
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectHUMAN RESOURCES
dc.subjectINCENTIVE SYSTEMS
dc.subjectINCOME TAX
dc.subjectINFORMAL CREDIT
dc.subjectINFORMAL RURAL FINANCE
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFORMATION MANAGEMENT
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CONTROLS
dc.subjectINVESTING
dc.subjectLACK OF COMPETITION
dc.subjectLAWS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOAN AGENTS
dc.subjectLOAN APPLICATIONS
dc.subjectLOAN DECISIONS
dc.subjectLOAN DEFAULT
dc.subjectLOAN GUARANTEES
dc.subjectLOAN INSURANCE
dc.subjectLOCAL ECONOMIES
dc.subjectLOCAL ECONOMY
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOCAL SAVINGS
dc.subjectLONG-TERM INTEREST
dc.subjectLOW INTEREST RATES
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET ENTRY
dc.subjectMARKET VALUE
dc.subjectMICRO-CREDIT
dc.subjectMICRO-FINANCE
dc.subjectMICRO-FINANCE INSTITUTIONS
dc.subjectMICRO-LOAN
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE LOAN
dc.subjectMIGRANT WORKERS
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARDS
dc.subjectMORTGAGE
dc.subjectMORTGAGES
dc.subjectNON-PERFORMING LOANS
dc.subjectNPL
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectOUTSTANDING LOANS
dc.subjectPOST OFFICE
dc.subjectPOST OFFICE SAVINGS
dc.subjectPOSTAL SAVINGS
dc.subjectPREDATORY LENDING
dc.subjectPRINCIPAL-AGENT PROBLEMS
dc.subjectPRODUCERS
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISION OF CREDIT
dc.subjectRECAPITALIZATION
dc.subjectREGULATOR
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY SYSTEM
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICES
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRETURN
dc.subjectRISK CONTROLS
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRURAL BRANCHES
dc.subjectRURAL BUSINESS
dc.subjectRURAL CLIENT
dc.subjectRURAL COOPERATIVE BANKS
dc.subjectRURAL CREDIT
dc.subjectRURAL CREDIT COOPERATIVE
dc.subjectRURAL CREDIT COOPERATIVES
dc.subjectRURAL FINANCE
dc.subjectRURAL FINANCIAL INSTITUTIONS
dc.subjectRURAL FINANCIAL MARKET
dc.subjectRURAL FINANCIAL MARKETS
dc.subjectRURAL FINANCIAL SERVICES
dc.subjectRURAL FINANCIAL SYSTEM
dc.subjectRURAL LOANS
dc.subjectRURAL MARKET
dc.subjectSAVINGS BANK
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL FARMER
dc.subjectSMALL FARMERS
dc.subjectSMALL LOANS
dc.subjectSMART CARDS
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL RESPONSIBILITY
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSTATE BANKING
dc.subjectSTATE SUPPORT
dc.subjectSUPERVISORY BOARD
dc.subjectSUPERVISORY BOARDS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX INCENTIVES
dc.subjectTAX RELIEF
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTURNOVER
dc.subjectURBAN ECONOMIES
dc.subjectURBANIZATION
dc.subjectVILLAGE
dc.subjectVILLAGES
dc.subjectWITHDRAWAL
dc.titleReform of China's Rural Credit Unions : Policy Noteen
dspace.entity.typePublication
okr.date.disclosure2012-06-30
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2009/06/16453093/china-reform-chinas-rural-credit-unions
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.externaldocumentum000425962_20120630100633
okr.identifier.internaldocumentum16453093
okr.identifier.report70358
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/30/000425962_20120630100633/Rendered/PDF/703580PNT0p10800Policy0note0p108052.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.sectorFinance :: Micro- and SME finance
okr.sectorFinance :: Banking
okr.themeFinancial and private sector development :: State enterprise/bank restructuring and privatization
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEnvironmental Economics and Policies
okr.topicEnvironment
okr.unitFinancial & Private Sector Dept. (EASFP)
okr.volume1 of 1
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