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Rebuilding a Robust Financial Cooperatives System in China: Learning from the Experience of Credit Union Movements in Hong Kong and Taiwan

International Journal of Cooperative Studies

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Title Rebuilding a Robust Financial Cooperatives System in China: Learning from the Experience of Credit Union Movements in Hong Kong and Taiwan
 
Creator Poon, Che Cheong; Department of Economics and Finance, Hong Kong Shue Yan University
 
Subject Financial Cooperatives;Credit Unions; China
Microfinance; Credit Union movement; Hui (loan societies); RCCs; WOCCU
 
Description Recently, microfinance has become one of the most important mechanisms for providing financial services to low income households, and credit unions have been considered to be the major microfinance institutions in many developed as well as developing economies. Although financial cooperatives have a long history in China, the credit union movementin China is in its nascent stage. This study analyses the structure, regulation, performance, and competitive environment of credit unions in Hong Kong and Taiwan before and after the Asian financial crisis in the hope of formulating a credit union model which is suitable for China. The rest of this paper is organized as follows. First, it begins with an historical overview of informal finance in the Greater China Region. Second, it briefly discusses the evolution of China’s rural and urban credit cooperatives. Third, it presents some descriptive statistics to capture the development characteristics of the credit union system in Hong Kong and Taiwan. Forth, it identifies the difficulties faced by Hong Kong and Taiwan’s credit unions by analysing the trend movement of their savings and loans. Finally, the study concludes that the development of a credit union system from bottom-up will be conducive to the reduction of poverty in China.
 
Publisher World Scholars
 
Contributor —
 
Date 2014-04-27
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://wscholars.com/index.php/ijcs/article/view/486
10.11634/216826311403486
 
Source International Journal of Cooperative Studies; Vol 3, No 1 (2014); 13-23
 
Language en
 
Relation http://wscholars.com/index.php/ijcs/article/downloadSuppFile/486/1187
 
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