The Government of the People's Republic of China (PRC) has given higher priority to rural finance development issues in recent years in line with the policy goal of ?balanced development and creation of a harmonious society?. It has taken cognizance of the fact that rural financial market development requires further systematic public support. Pressure is mounting on policy makers to expand such support particularly through a range of fiscal measures. A major drawback of past public support measures was that they did not over time remove the need for further public support; they undermined incentives for better institutional behavior. The China Banking Regulatory Commission (CBRC), being the chair of the inter-agency rural finance development working group, requires assistance to understand in a systematic way how these policies have been conceived, formulated, implemented, and evaluated.
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