Abstract: There are two main forms of China＇s rural cooperative finance： rural credit Union and rural cooperative foundation.Both of those organizations ＇creation and development are drived by government.It has been improved that those rural cooperative financial organizations with a strong ＂official＂ color have failed to make successful example. As a result,it has theoretical and practical significance to analysis the history of our country＇s rural cooperative financial evolution.The study is good for understanding the reform of China＇s cooperation financial organizations and the development of multi-layered construction of the rural finance system.