The Difficulties and Mechanism Innovation of Constructing China's Rural Multiplex Financial System

This paper expounds the necessity of constructing China's rural multiplex financial system as follows. First, overcome the bottleneck effect arising from the shortage of capital in the process of development of rural small and medium-sired enterprise, and increase farmers' income; second, provide capital support for rural modern industrial development, and promote rural economic development; third, rationally allocate capital, master the money flow and coordinate urban-rural development. The paper also profoundly analyzes the difficulties of constructing China's rural multiplex financial &stem as follows. First, the existing rural financial system structure is irrational and the function is unsound; second, non-governmental financial market is disorderly and the organization is unsound: third. the rural financial system is simple and the overhaul of rural credit cooperatives system has not yet been done; fourth; the construction of rural system of financial laws and regulations is laggard, and the construction of rural multiplex financial system lacks good social environment. The specific thoughts, measures and countermeasures of constructing mechanism innovation of China's rural multiplex financial system are put forward as follows. First, increasingly perfect legal system and provide legal support for constructing China's rural multiplex financial system; second, quicken the overhaul of rural credit cooperatives system and perfect its function in China's rural multiplex financial system; third, strengthen the degree of support and development, and change the situation of simple structure of rural financial system; fourth, reinforce administrative supervision and perfect public services, and Standardize the rural financial market order.