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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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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