The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed...

Ample empirical evidence suggests that Rural Credit Cooperatives (RCCs), which are the core credit institutions in rural China, are not accountable to their member households. This article argues that this conundrum can be explained by an institutional analysis of the credit cooperatives using...

Despite the fact that the Rural Credit Cooperatives are the only formal credit providers to millions of households in rural China, empirical evidence suggests that they hardly serve the interests of member households. This study examines the extent to which the recent institutional reform have...

Just as the worse global financial crisis since the Second World War threatens the survival of many global financial giants, the strong financial performance of the Chinese banks stands out. The record profits of Chinese banks are commendable considering that they were considered insolvent not...

Credit unions generate surpluses over their operations by the difference between rates charged less cost of services and / or the difference between rates paid and charged in the operations of financial intermediation between their members. In this context, there are important management...