Governance Research of Chinese Rural Finance Exclusion Based on Peasant Survey


The construction of people’s livelihood in rural areas not only needs to meet their basic requirements such as elders’ care, medical care, and insurance and so on, but also needs to encourage people living in rural areas and make them have confidence to earn a better live through the improvement of self-development ability. “Insufficiency of self-development ability” and “the lack of opportunity of development” are two of the most important barricades, which interact rural “finance exclusion” as both cause and effect and exert reciprocal intensification as well. The interviewing result from the 1938 random samples of local citizens living in villages and towns, which belong to 5 provinces and 26 counties and cities, shows that “lack of funds” is the hugest barricade that prevents peasants improving their self-development ability. The situation is mostly caused by “non-physical finance exclusion”. To govern this situation, the diversity of rural finance requirements and financial ecology cannot be separated and combination usage of different kinds of governance tools is needed.

Share and Cite:

Cheng, H. and Wu, W. (2014) Governance Research of Chinese Rural Finance Exclusion Based on Peasant Survey. American Journal of Industrial and Business Management, 4, 585-594. doi: 10.4236/ajibm.2014.410063.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] Xiao, G. (2012) Beyond Left and Right Racialism. Zhejiang University Press, Zhejiang.
[2] Leyshon, A. and Thrift, N. (1993) The Restructuring of the UK Financial Services in the 1990s. Journal of Rural Studies, 9, 223-241.
[3] Leyshon, A. and Thrift, N. (1996) Financial Exclusion and the Shifting Boundaries of the Financial System. Environment and Planning, 1150-1156.
[4] Leyshon, A. and Thrift, N. (1997) Inside/Outside: Geographies of Financial Inclusion and Exclusion in Britain. Working Paper, Nottingham University, Nottingham.
[5] Mayo, E. (1997) Policy Responses to Financial Exclusion. In: Rossiter, J., Ed., Financial Exclusion: Can Mutuality Fill the Gap? Working Paper, New Policy Institute, London, 12-15.
[6] Kempson, E. and Whyley, C. (1999) Understanding and Combating Financial Exclusion. Insurance Trends (The Association of British Insurers), 18-22.
[7] Financial Services Authority (FSA) (2000) In or out? Financial Exclusion: A Literature Research Review. Consumer Research Paper 3. FSA, London.
[8] Collard, S., Kempson, E. and Whyley, C. (2001) Tackling Financial Exclusion: An Area-Based Approach. The Policy Press, Bristol.
[9] Xu, S. and Tian, S. (2008) Finance Exclusion in Rural Areas of China. Journal of Financial Research, 195-206.
[10] Wang, X. and Qiu, Z. (2010) Rural Finance Exclusion: Practical Dilemma and Solving Strategies. Journal of Central University of Finance and Economics, 47-52.
[11] Gao, P. and Wang, X. (2011) Regional Difference and Influential Factors of Rural Finance Exclusion: An Empirical Study Based on Provincial Panel Data. Journal of Agro Technical, 93-102.
[12] Hu, Z., Yuan, L. and Liu, Y. (2012) Provincial Difference and Influential Factors of Rural Finance Exclusion in Chian. Journal of Shanxi University of Finance and Economics, 52-60.
[13] Li, C. and Jia, J. (2012) Finance Exclusion Level of China: A Construction and Calculation Based Finance Exclusion Index. Modern Economic Science, 9-15.
[14] Liu, L. (2008) Research on Rural Finance Development in China. Tsinghua University Press, Beijing, 27-35.
[15] Fei, X. (2002) The Chinese Native Soil Society. Peking University Press, Beijing, 9-27.
[16] Jianakoplos, N. and Bernasek, A. (1998) Are Women More Risk Averse? Economic Inquiry, 36, 620-630.
[17] Christiansen, C., Joensen, J. and Rangvid, J. (2010) The Effects of Marriage and Divorce on Financial Investments: Learning to Love or Hate Risk? CREATES Research Papers, School of Economics and Management, University of Aarhus, Aarhus.
[18] Guiso, L., Sapienza, P. and Zingales, L. (2003) People’s Opium? Religion and Economic Attitudes. Journal of Monetary Economics, 50, 255-282.
[19] Ameriks, J. and Zeldes, S. (2004) How Do Household Portfolio Shares Vary with Age? TIAA-CREF Working Paper, Columbia University, New York.
[20] Devlin, J. (2005) A Detailed Study of Financial Exclusion in the UK. Journal of Consumer Policy, 28, 75-108.
[21] Sinclair, P.S. (2001) Financial Exclusion: An Introductory Survey. Centre for Research in Socially Inclusive Services (CRISIS), Heriot-Watt University, Edinburgh.
[22] Tian, S. (2007) Factors of Regional Difference of Finance Exclusion in China. Journal of Finance and Economics, 107-119.
[23] Zhu, L., Liu, G. and Li, X. (2010) Measurement and Analysis of Finance Exclusion in Central and Western China. Financial Theory & Practice, 70-74.

Copyright © 2023 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.