Читать книгу Rural Finance in Poverty-Stricken Areas in the People's Republic of China - Xuechun Zhang - Страница 27

The PRC’s financial reforms launched in 1993 and 1996 have been characterized by drastic changes in rural financial institutions and their lending responsibilities. In terms of rural finance, the reforms aimed to separate policy operation from commercial operation, to commercialize the operation of the ABC, and to make RCCs into real credit cooperatives controlled by their members. In these ways, the reforms sought to improve the efficiency of financial intermediaries and to reduce the proportion of nonperforming loans. Prior to the reforms, formal finance in rural areas of the PRC was dominated by the ABC, which was responsible both for commercial and policy lending in agriculture and for managing RCCs.