The central government has been standing highly attentive to financial work in the rural area and on many different occasions stressed the need to “introduce reform and innovation of the rural financial system”. Financial reform in the rural area shall be carried out in line with the local conditions focusing on exploring a new path for the development of rural finance.
Efforts shall be strengthened to construct a rural financial system with improved functions, rationalized division of labor, clear ownership and effective supervision, and to pioneer in developing new cooperative financial institutions in the rural area as well as an effective business model ensuring combined policy and commercial financial support to rural economic development.