The expansion of management right mortgage needs to plug the loophole in supervision.

We should not rely entirely on the trading market to consciously improve its own behavior, but should speed up the promulgation of corresponding rules and regulations, or clarify the regulatory departments, formulate basic guidelines for the trading market, and should have unified standards and evaluation in some aspects. promote the land management right trading market to become standardized

Recently, the Ministry of Agriculture issued the "Standard for the Operation of the transaction Market for the transfer of Rural Land Management Rights (for trial implementation)", following the order of "application-entry transaction-signing contract-supporting services". The transaction subject, transaction conditions and transaction varieties are clearly defined.

In recent years, the transfer market of rural land management rights in China has developed rapidly. according to statistics, more than 1/3 of the contracted land has been transferred, with an additional circulation area of more than 40 million mu every year, involving millions of contracted farmers. The increasingly active market has stimulated financial innovation, and the mortgage loan of land management right arises at the historic moment. However, due to the non-standard development of the transaction market, the lack of professional evaluation of land value, and the difficulty of realizing the mortgage, the bottleneck has not been completely broken. There are many obstacles to the large-scale issuance of management right mortgage loans.

From the current practice, the development of the local land transfer market is uneven, some for a long time, and some have just started. Most of the land management right transfer trading markets are institutions or state-owned enterprises established by the operation and management departments of the agricultural system, and some are circulation trading platforms established by private enterprises using the Internet and other means. Whether it is the enterprise or the state-owned rural property rights exchange, or the Internet trading platform, there are many problems, resulting in the deserted or chaotic development of the trading market.

The promulgation of "norms" is timely, which provides a reference text for the standardized development of local trading markets, and points out the direction for guiding the openness, fairness and standardization of land management rights. More importantly, the standardized development of the trading market is conducive to the accelerated transfer of land management rights, even if the mortgage loan is overdue, it can also recover the loan through the secondary circulation of management rights, which can effectively prevent the occurrence of bad risks. The successful realization of the collateral in the trading market is conducive to arousing the enthusiasm of rural financial institutions to expand the issuance of mortgage loans.

However, the "norms" only play a role of reference and guidance, not compulsory supervision. At present, there are no relevant rules and regulations or special regulatory agencies to perform supervision and management functions on the trading platform. Industry insiders said that due to the lack of supervision of the trading platform, there may be problems such as false transactions, false warrants and fraudulent financial loans, and it is necessary to consider establishing a unified rural real estate trading center and platform throughout the country. to ensure the uniqueness, legitimacy and reliability of transactions.

We believe that we should not completely hope that the trading market will consciously improve its own behavior, but should speed up the promulgation of corresponding rules and regulations, or clarify the regulatory departments, formulate basic guidelines for the trading market, and should have unified standards and evaluation in some aspects to promote the land management right trading market to become standardized. On this basis, the local trading market will be adjusted according to the local reality to make it more in line with the needs of the diversification of trading subjects.

Only when the supervision is filled in time can the risk be intercepted. This is also a mechanism guarantee for the market to become standardized and mature. A healthy, orderly and active trading market can attract financial institutions to actively participate in it, increase the issuance of mortgage loans for land management rights, strengthen financial innovation, and stimulate the great potential of land finance, so that finance can better serve agriculture, rural areas and farmers.