An Evaluation on the Financial Development Status of China's Rural Area

A thorough knowledge of financial development status in rural area of China is necessary in order to review the rural financial reform.Using a set of relatively complete indices supplied by the modern financial development theory,the financial development level in China's rural area is systematically summarized and analyzed.The main characteristics of rural financial development status are as follows: rural monetary level is rising,financial organizations are in bad finance position,Rural Credit Cooperatives keep monopolization in the rural financial market,the function of financial medium is weakening,and the informal financial system is taking the place of formal financial system in terms of medium function.