It is of great reality sense to choose the rural financial institutional change as the thesis' topic.

本文以农村金融制度的变迁作为选题，具有重要的现实意义。

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Based on the reality the paper analyzes on mechanism, path dependence, contribution and trends of development of institution of village collective economy by updated institutional economics.

在这个现实基础上，通过对制度经济学前沿的把握，分析村级集体经制度变迁的内在机制与路径依赖、产生的制度绩效、变迁趋势等问题。

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He believed up until the end that the Chinese should be allowed to explore and experiment with different institutional and structural choices within the constraints of reality.

他始终坚持一点，无论如何也要容许中国人在实际的约束条件下从事制度和组织选择的探索和试验。

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Making that acknowledgment an institutional reality is what we will now strive to do.

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Impact investing by institutional asset owners is not some theoretical practice, but a reality that can be supported and scaled, including by policymakers.

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