This paper investigated the ROSCA’s operation mechanism, analyzed the causes of ROSCA’s risk, and explored the measures to promote standardized development of ROSCA in the context of Wenzhou comprehensive financial reform. The paper obtained following findings: (1) In village community organization, small-scale and community-based ROSCAs have low failure risk, failures mainly occurred in large-scale speculative ROSCAs; (2) If ROSCAs rationally arrange share capital, share interest rate, number of participates and make detailed due diligence of participates, the failure risk will be under control; (3) Government should allow for the existence and development of ROSCAs, but needs to strengthen its supervision.
周春喜. 民间互助会,路在何方?——温州金融综合改革背景下的思考[J]. 浙江工商大学学报, 2013, (4): 82-88.
ZHOU Chunxi. What is Next for ROSCA?——Some Thoughts on the Context of Wenzhou Comprehensive Financial Reform. Journal of Zhejing Gongshang University, 2013, (4): 82-88.