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@article{ART001783345},
author={Choi Joon Hwan},
title={A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -},
journal={인문논총 },
issn={2005-6222},
year={2013},
volume={31},
pages={305-333}

TY - JOUR
AU - Choi Joon Hwan
TI - A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -
JO - 인문논총
PY - 2013
VL - 31
IS - null
PB - Institute for Human studies, Kyungnam University
SP - 305
EP - 333
SN - 2005-6222
AB - China’s financial business structure characteristic is a two-tiered financial system. A two-tiered system means that regular and irregular finance exists at the same time. Irregular finance refers to informal finance. The oldest and most important of China's informal finance organizations is He-Hui. The origin of He-Hui is reported to have started approximately during the Dang-Song dynasty. Its formation and process of development reflect China's moral system and values. Chinese traditional society was centered on agriculture. At the time, people thought kinship and acquaintances were very important, because they had a lot of geographical limitations. Therefore, reliance on these relationships, stable mutual assistance was formed. The financial organization that formed on the basis of these special circumstances is He-Hui. He-Hui has maintained its fundamental nature, but, with economic development and the course of time, its function has changed. The most important changes are that capital demand of living area has changed to capital demand of production, and that the main agent of participation has been become diversification. The scale of funding has also changed from smaller amounts to huge funds, and the rate of interest has changed to higher interest rates from lower interest rates as well. Especially in recent years, He-Hui has served a role in financing small business administration, and it has contributed to the development of China's economy.
KW - China;He-Hui;Informal Finance;Mutual Assistance;Finance
DO -
UR -
ER -

Choi Joon Hwan. (2013). A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -. 인문논총 , 31, 305-333.

Choi Joon Hwan. 2013, "A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -", 인문논총 , vol.31, pp.305-333.

Choi Joon Hwan "A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -" 인문논총 31 pp.305-333 (2013) : 305.

Choi Joon Hwan. A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -. 2013; 31 305-333.

Choi Joon Hwan. "A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -" 인문논총 31(2013) : 305-333.

Choi Joon Hwan. A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -. 인문논총 , 31, 305-333.

Choi Joon Hwan. A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -. 인문논총 . 2013; 31 305-333.

Choi Joon Hwan. A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -. 2013; 31 305-333.

Choi Joon Hwan. "A Study on the role of China traditional informal finance and characteristic - Focusing on the He-Hui which is private mutual assistance organization -" 인문논총 31(2013) : 305-333.