The Communist Party of China’s Central Committee and State Council has recently released a statement on steadily promoting the reform of rural collective property rights system, where it clearly states that it will complete the collective assets of capital verification in 3 years and cooperative system operating assets reform in 5 years. According to the Anbound research team, there are a lot of progresses in the areas of possession, income, paid exit and inheritance, among which static management is regarded as the most suitable way. But at the same time, due to legal bottlenecks and imperfections in rural land, financial market, mortgages and, guarantees are generally difficult to reflect the situation. Continuous attempts and breakthroughs in the new year will be needed.
