Abstract

Since incremental rural financial reform in China, rural small-sized financial organizations have entered “growing”period “from scratch”，which has a positive demonstration effect on rural financial reform. China's inclusive finance development has entered a new stage, dealing with the relationship between government and market effectively becomes the key problem to deepen rural financial reform. The overall objective of this study is constructing ideological system of rural small- sized financial organizations “adaptive”growth model, which is based on economic growth theories and financial development theories and combined with China's national conditions. The analysis is based on experiences and problems of rural financial reform in China over the past decade, but is not limited to the analysis of “problems”and “phenomena”itself, The analysis “surpasses”the appearance of these problems, it tries to explore new growth model of rural small-sized financial organizations, and seek the corresponding implementing measures. It aims to provide theoretical and empirical supports for further deepening rural financial reform, which is promoting the development of inclusive finance and building a socialist harmonious society and realizing the “Chinese dream”.

The main contents of this book are as follows: ①Summarizing some correlation theories and their enlightenments and seeking theoretical basis for “adaptive”growth of rural small-sized financial organizations. ②Reviewing the process of rural financial reform in China, pointing out the direction of rural financial reform. Studying the existing problems during the process of rural microfinance finance organizations growing based on the field survey data, seeking realistic basis for rural small-sized financial organizations “adaptive”growth. ③Expounding the idea sources of “adaptive”growth, and expounds its connotations, advantages and basic requirements of rural small- sized financial organizations “adaptive”growth from realistic perspective of China's rural financial reform and theoretical process of evolution of “exogenous”and “endogenous”. Discovering the gap between the status of rural small-sized financial organizations and “adaptive”growth from “quantity”and “quality”aspects. Constructing theoretical system and practice framework of “adaptive”growth. ④Studying the stage goal and long- term goal of “adaptive”growth and coordinative development of two goal, studying the essential correlation between inclusive finance and “China Dream”，and the difficulties when realizing inclusive finance “China Dream”. Studying the constraints of coordinated development of social performance and financial performance for rural small-sized financial organizations, putting forward countermeasures and suggestions to strengthen social performance management.⑤Studying the behaviors of rural small-sized financial organizations in the “adaptive”growth model. The “adaptive”growth model puts forward new requirements for rural small-sized financial organizations. We should pay attention to cultivate self-organization economic subject, accelerate breakthrough of the private capital in rural financial market, reconstruct growth target of rural smallsized financial organizations, achieve the effective combination of “funds”and “mechanism”. ⑥Research government behaviors in small-sized financial organizations “adaptive”growth model.

The results show that: ①The “adaptive”growth model is an effective choice model for growing of rural small-sized financial organizations. The “adaptive”growth idea comes from the reflection on rural financial “reform”in China, it focus on rural small-sized financial organizations from new perspective, change “reform”as “growth”，it deepens the “exogenous”and “endogenous”theoretical ideas, but not a simple mixture, it is a transcendence based on the ideological basis of “endogenous financial development”，“financial endogenous growth”and “adaptability efficiency”. The rural small-sized financial organizations “adaptive”growth model advocates government should change the original role of “high temples”，and “do it yourself”，provide “nutrition”and good external environment for the growth of rural small-sized financial organizations. ②At present, it still exists huge gap between rural small-sized financial organizations growth situation and requirements of “adaptability”growth, The policy designing and ideological orientation are not perfect, government administrative regulation is strong and market forces is depressed. The idea and concrete rules of rural small-sized financial organizations growth stems from “top-level designing”，the innovations of micro basic subjects have not been got enough attention. ③The “adaptive”growth of rural small-sized financial organizations should be achieved within the “China Dream”framework, we should make clear the overall plan, create a favorable policy environment, strengthen capacity-building of rural small-sized financial organizations. ④The “adaptive”growth of rural small-sized financial organizations should be carried out within “three-dimensional”framework, which are market, government and society. We should strengthen financial efforts of rural small- sized financial organizations based on effective use of market force, and handle the relationship between government and market effectively, and build good social environment and value orientation, and transmit positive energy for rural small-sized financial organizations adaptive growth.

China's rural financial reform is “A long way to go, ”we should strengthen the top-level plan, make theoretical system fusion of inclusive finance, harmonious socialist society, scientific outlook on development and “China Dream”，which would be general program guiding inclusive finance development in China. We should strengthen inclusive finance policy guidance and encouragement. Make “micro-supporting”rise to central government level and not stay at propaganda recommendation level. We can integrate and guide capital mutual aid organizations return to cooperative finance on the basis of respecting market rules. Link system innovation of private bank with rural small-sized financial organizations growth. Rural small-sized financial organizations should understand overall requirements and basic environment of inclusive finance and the “China Dream”correctly, root in the actual demands of the rural economy, strengthen self-restraint, give full play to their own comparative advantages, enhance the “adaptability”of their credit technology. The advantages of government should be reflected, we should clarify the role space of government, get rid of administrative control consciousness, and change supervision notion, and form a positive policy stimulating rural small-sized financial organizations service “three dimensional ru ral”effectively. We also should pay attention to cultivate rural financial market mechanism, further advance of interest rate liberalization, build an effective risk prevention mechanism, adhere to effective coordination of financial innovation and risk prevention, take strict precautions against local government and rural financial organizations reversely forcing central government on risk issues, change traditional view which regard central government as last undertaking of rural financial risk.