Читать книгу Rural Finance in Poverty-Stricken Areas in the People's Republic of China - Xuechun Zhang - Страница 46

There are insufficient risk-sharing mechanisms for rural loans. Underdeveloped agriculture insurance, the rudimentary futures market for agricultural products, and various legal and policy constraints have prevented rural financial institutions from finding efficient substitutes for collateral and guaranty. At the same time, rural financial institutions have few incentives to resolve collateral-and-guaranty difficulties through financial innovation. The sustainable development of these institutions also is hampered by tax policies and controlled interest rates.