Study On Development Finance's Contribution To Building New Rural Communities

How to sustain and promote the construction of socialist New Rural Communities(SNRC) is an important task entrusted by history. As a practitioner of development finance, China Development Bank(CDB) plays its important function of the development finance, has proved to be a key force in the SNRC construction through its financing activities.This thesis starts with the theory intension, the mechanism, the domestic experience of development finance, based on the financial development theory and the comparative analysis on the overseas development finance, attempting to explain the long-term mechanism of the development finance in sustaining the SNRC construction. With an analysis of both supply and demand in China's rural market of loan capital and the corresponding institutions as well, it also attempts to explain the objectives, contents, ways and modes of development finance in sustaining the SNRC construction. In recent years, the experience that the CDB finances for the county economy also proved that the development finance is very powerful to the SNRC construction. The three major innovations this study reaches are as follows:Firstly, discussing how to apply development finance to the rural financial system construction in theory and practice. SNRC construction calls for funds, and the key of which is the construction of a healthy finance system because a healthy finance system will distribute capital effectively, and solve problems like blank spaces in market and backwardness of the system so that the development of rural area can be put on the track of a virtuous circle. What development finance differs from other financing ways are the construction of market, system and credit. As a bridge connecting the government and the market, with the support from the government, establishing "three-platforms and one conference", development finance fully exploits its advantage to brake through the finance bottleneck, makes up for the market failure, constructs the financing platform and eliminates the financing risks, so as to establish a fine rural financing environment and a healthy rural financial system.Secondly, explaining the modes selection of the development finance supporting the SNRC construction Systematically. Development finance takes the county as the point of breakthrough and works on it, innovates the financing modes for the SNRC construction continuously in combination with the characteristics of the county economy, so as to explore the modes by which development finance sustains the development of economy at county level and the SNRC construction as a whole, that is, through the scientific development plan, constructs the market platform firstly, establishes new "two-platforms and one conference"(the SNRC financing platform, the hypothecating platform, and the bank-enterprise-government conference) and the new modes by which the management funds spread, constitutes the regular concerted system, concerts the relationships of the CDB-county government-platform, constructs the sound and effective market and institutional systems, so as to keep away, evade and control the risks, which is the long-term mechanism of the development finance supporting the SNRC construction.Thirdly, discussing the performance assessing methods of the development finance supporting the SNRC construction. By the econometric analysis of the development finance financing for the economic and social development of the nation by citing the statistics in the past as samples, this thesis also tries to discuss the performance assessing methods and its application to that of the development finance supporting the SNRC construction.So it's very important in theory and practice that the development finance supports to establish the rural financial system, to select the corresponding operational modes and to assess its performance scientifically.