Experience Summary and the Innovation of the Financial System Reform for 30 Years in Rural Areas in China

During 30 years'reform and opening to the outside world,financial system in Chinese rural areas has undergone several stages from its foundation to the diversification of the property right reform.While achieving great breakthrough in rural financial system,many problems appear such as rural capital reverse flow,the supply-type financial repression,ambiguous property right,and the low performance of financial capital.By borrowing experience from some countries in their construction of rural financial systems,the author believes that rural financial innovation in China should be built in many aspects including the reconstruction of the financial system and financial organizations,reconsideration of the growth of small credit and informal financial organizations,and the variety innovation of financial service in rural areas in China.