Innovate the Rural Financial System and Establish a Modern Financial System

Rural finance is the core of modern rural economy.Since the Reform in China,the Chinese rural financial system has experienced several changes,which has somewhat promoted the economic and social development in the countryside.However,the rural financial system in China still has its defects like the poor financial service system,the poor insurance system and credit system.Thus,the Decision for promoting the rural reform in China made at the 3rd Plenary Session of the Seventeenth National Congress of Communist Party of China has called for the establishment of a rural financial system that combines the commercial finance,the cooperative finance and the policy-guided finance and has adequate capital,good functions and services for attracting more capital and investment in the countryside.