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The Theory Basis of Rural Informal Finance and its Development Mechanisms
The emergence of informal finance in rural area is mainly result from the imbalance structure of fund demand and supply China's rural area. It is also because of insufficient development of formal finance in rural area in our country; thus, the needs of farmers cannot be satisfied. Informal finance has an advantage which formal finance does not possess. Informal finance in rural area is good for the need of rural economy development. The theory of Financial Repression and Financial Deepening reveal the theory basis of the existence of rural informal finance. The development mechanisms of rural informal finance in our country mainly are institutional change mechanism and fulfillment mechanism. These two mechanisms exist side by side and constantly improve China's informal finance organization, in order to satisfy the need of economy society.
