1950, the People's Bank of China and the All-China Cooperative Federation proposed to set up a credit cooperative (department) in North China on a trial basis. 1951may, after the first national rural financial work conference was held, the people's bank of China promulgated the draft guidelines for the articles of association of rural credit cooperatives.
2. The Great Leap Forward from 1958 to the Third Plenary Session of the Eleventh Central Committee was a period of ups and downs for rural credit cooperatives.
In this special historical era, the cause of credit cooperatives has been seriously disturbed by the "Left" thinking, first by the management of people's communes and production brigades, then by the management of poor and middle peasants, and finally by the management of the State Bank.
3. 1978 The period from the Third Plenary Session of the Eleventh Central Committee to the decoupling of banks and cooperatives is the period of recovery and development of rural credit cooperatives.
65438-0984 the State Council forwarded the report of Agricultural Bank of China on reforming the management system of rural credit cooperatives, and decided to restore the organizational mass, democratic management and operational flexibility of rural credit cooperatives.
4. From 65438 to 0996, it was a period of deepening reform and rapid development of rural credit cooperatives from decoupling from banks to deepening reform pilot in 2003.
1In August, 1996, the State Council issued the Decision on the Reform of Rural Financial System, which made it clear that rural credit cooperatives and China Agricultural Bank were separated from administrative subordination, and their business management and financial supervision were undertaken by the county association and China People's Bank respectively, and then standardized according to the principle of cooperative system. Rural credit cooperatives have entered a new stage of independent operation and development.
5. From 2003 to now, it is a period of deepening reform of rural credit cooperatives.
With the comprehensive support of fiscal, monetary and tax policies, rural credit cooperatives have completely got rid of the unfavorable situation of slow development and losses year after year, and ushered in the fastest development period in history.
Extended data:
As a banking financial institution, rural credit cooperatives have their own characteristics:
1, farmers and other individuals in rural areas jointly form cooperative financial organizations whose main purpose is mutual assistance. Its business operation is managed and operated by the personnel designated by the members on the basis of democratic election and is responsible to the members. Its highest authority is the member congress, and the executive body responsible for managing specific affairs and business operations is the Council.
2. The main sources of funds are shares paid by cooperative members, retained provident fund and absorbed deposits; Loans are mainly used to solve the capital needs of its members. At first, it mainly issued short-term production and living loans and consumer loans. Later, with the economic development, it gradually broadened the channels of borrowing, which is no different from commercial bank loans.
People's Network —— 60 Years' Development of China Rural Credit Cooperatives