| Rural revitalization strategy is put forward for the modern agricultural development provides a new direction and position,all kinds of"agriculture,rural areas and farmers"reform forward continuously,the central file for many years focused on the problem of"agriculture,rural areas and farmers",a series of policies and measures,further liberated the rural productivity,single step by step in the right to contract land ownership,and management of"separation"has the new advance and breakthrough,farmers as the main body of the"three rural issues",the growing demand for financial,also rising demand for money.Therefore,from the institutional sight,the reform of China's rural land property rights system has become an important trend in its development.In particular,for the rural land management rights mortgage financing,232 counties(cities,districts)have launched to be the mortgage loan pilot project to operate the rural land contracting in March 2016.With the pilot project for the granting of agricultural land management rights has gradually been launched nationwide,it has effectively alleviated the rural industry financing difficulties,boosted the rapid development of China's rural economy,and is conducive to the implementation of the strategy of rural revitalization.The current problems of capital outflows and financing difficulties in rural areas faced by rural households are still outstanding,which are objectively hindering the development of the rural economy and society.By increasing the mortgage financing of rural contracted land management rights,rural resources can be optimally allocated,credit funds can be invested,and agriculture competitiveness can be improved.In order to further rationalize the mortgage financing of agricultural land management rights,boost the finance development in the rural economy,and increase the efficiency of the use of rural land,it is urgently necessary to solve the current problems.Under the precondition of stabilizing the land property rights relationship,we can gain experience from the pilot work and further expand into all rural land in the country so as to make a healthy and orderly promoting development of China's agricultural economy.From the previous related explorations,China has made a lot of attempts in many areas so far,including the"Ningxia Tongxin"model of the Land Mortgage Association,the"Guizhou Mintan"model of the land finance company,and the“Zaozhuang”mode of Shandong mortgage of the land operating income right and the“Chongzhou Sichuan”model of direct mortgage of land management rights.The models above are effective in rural areas through the combination of regional resource endowments.Therefore,accelerating the advancement of mortgage financing for agricultural land management rights has far-reaching significance for the development of rural economy.Therefore the demand,the main body and the efficiency of government-led mortgage financing for business operation rights are necessary to conduct empirical analysis.Through continuous improvement of existing institutional design,the arrangements of farmland management rights mortgage financing will be optimized.This article is based on the study of domestic and foreign research on rural land property rights mortgage financing,taking property rights theory,behavioral utility theory,rural financial innovation theory as the guide,using a combination of qualitative analysis and quantitative analysis of research methods,to make the analysis for China's rural land property mortgage financing conducts.Through field research data and panel data and other forms of empirical analysis from demand analysis,supply analysis and efficiency evaluation model,this paper is to fully consider the current situation of rural land management right mortgage financing,thus concluding a comprehensive understanding of the current rural land management rights mortgage financing demand.On the basis of the above idea,we put forward relevant policy recommendations for the promotion of mortgage financing of rural land property rights,with a view to further optimizing the objectives and promoting the development of rural finance.The paper follows the steps of the discovery problem,the conciseness of key scientific issues,the design of research programs,the data collection,empirical analysis,case analysis,and the logical and technical route to solve problems.It establishes a systematic research framework for the analysis of rural land management rights mortgage financing issues with 11 Chapters.The first chapter is the major introduction and summary of the literature.It researches on the background and significance of this paper,introduces the current research trends from two dimensions of domestic literature and foreign literature,puts forward research objectives,contentandmethodsofthewhole paper,and briefly explains the possible innovation and inadequacies of the paper.The second chapter is the theoretical basis of land mortgage financing in rural China.Through the definition of the relevant concepts currently involved in this study,including property rights,rural land management rights and mortgage financing,which are running through the whole text.Based on the theory of property rights,Marx's theory of land capitalization,equilibrium theory of classical economics,theory of financial repression,and institutional efficiency theory,this paper constructs a research framework for the theoretical analysis,which lays a solid theoretical foundation for the study of this article.The third and fourth chapter analyze the current situation and problems of mortgage financing of rural land management rights in China.To analyze the main research object of the current mortgage financing of rural land management in China,it helps to understand in detail the major breakthroughs from the aspects on establishingthecondition,operationalprocedures.Themortgage counter-guarantee,land management right mortgage loan and conditional land management right direct mortgage financing are three major modes to understand the characteristics of various modes.It will have a comprehensively understanding of the current status quo,at the same time through the three modes of the land management rights mortgage counter-guarantee,land operating rights mortgage loans and the conditional land management rights direct mortgage financing to understand the characteristics of various modes.Adhering to the problem-oriented approach,we found that there are currently outstanding issues in the financing of mortgaged rural land.Chapters 5,6,and 7 are part of the empirical analysis.The fifth chapter analyzes the demand for mortgage financing of rural land management rights.This chapter focuses on the micro market entities in rural land equity mortgage financing model.Through field survey data of empirical analysis of farmers,it suggests the factors for affecting farmers'willingness to participate,and builds related indicators model to analyze the satisfaction of farmers'participation.From the empirical results,the individual endowment factors of farmers,the characteristics of agricultural land transfer,and the social security factors have different levels of industry orientation for the potential demand for farmer's farmland management rights mortgage financing.Large-scale farmers are the main audience of rural management rights mortgage financing.The cumbersome procedures,high mortgage discount rate,and lack of understanding of application conditions and processing procedures are the main obstacles to the response of farmland mortgage financing.The 6thchapter analyzes the main supply of mortgage financing of rural land management rights.This chapter mainly examines micro-scrutiny of the main suppliers of mortgage financing for rural land management rights.It conducts field surveys on local financial institutions that have collateralized the financing of agricultural land.By the application of relevant models,it analyzes financial institutions'implementation of agricultural land mortgage financing services,and the impacts on farmers'participation in the supply of mortgage financing in rural land.From the empirical results,the three changes in the level of education,income level and working type of farmers are positively related to the supply willingness of financial institutions and the relationship between land size,property rights stability,and assessment will be positively related to bandwidth supply,and the type of operation and the supply loans willingness is a negative correlation.Chapter 7 evaluates the efficiency of mortgage financing of rural land management rights.From the three aspects of financial institution efficiency,farmer household efficiency and operating mechanism efficiency in the process of practice,the evaluation of mortgage financing of rural land management rights is conducted to understand the efficiency of mortgage financing business of rural land management right in different dimensions in the current region and to determine the degree of impact of efficiency.From the empirical results,farmers generally have a higher overall evaluation of the financing efficiency of rural land management rights,the degree of understanding of rural land contractual management mortgage loan policy,the willingness to participate in mortgage business,the expected satisfaction of loan funds,and the satisfaction of funds,the degree of loan funds to family help,loan process,loan valuation,farmer's cultural level,financial institution's convenient transportation degree are the main influencing factors that determine the satisfaction evaluation of farmers'rural land management rights mortgage loan supply effect.The factors affecting the satisfaction of rural land contractual management rights mortgage loan supply by different income farmers are also different.Chapters 8 and 9 are part of the case analysis.The 8thchapter is a typical case analysis of mortgage financing of rural land management rights.The“Ningxia Tongxin”model,the“GuizhouMeitan”model,the“Shandong Zaozhuang”model,and the“Sichuan Chongzhou”model were taken as the examples of the main domestic rural land management right mortgages to conducte the in-depth analysis.The perspective sight from the cases of the model is discussed.The“Ningxia Tongxin”model focuses on the development of land mortgage associations.The“Guizhou Meitan”model is mainly based on land finance companies.The“Shandong Zaozhuang”model focuses on the mortgage of land management income rights,the“Sichuan Chongzhou”model is mainly aimed at direct mortgage of land management rights.Chapter 9 is an international comparison of rural land mortgage financing.The three countries,the United States,Japan,and Germany will be the key research object to the rural land mortgage financing.The paper will focus on the achievements of the three places in the background and participants,operation modes,and supporting measures,thus forming international experience.Well developed laws and regulations,government intervention at different levels(especially in the field of financial supervision and management),and improvement of service intermediaries are other important supporting cores.The tenth chapter is about the optimization of the mortgage financing model for rural land management rights.Based on the domestic and international cases studied above,this chapter combines the current development trend of mortgage financing of rural land management rights with the successful experience and the current situation in China.Then it makes the optimization of the farmer households'income right,the rural land assets insurance guarantee financing and the farmer households'income increase mortgages financing model under the background of agricultural industrialization.According to the current problems faced in the mortgage financing of China's rural land management rights,we must stick to the problem-oriented approach and propose to promote the revision and improvement of relevant laws and regulations,introduce third-party intermediary agencies to assess the value of land,and increase the risk prevention and control of land management rights.The relevant countermeasures and suggestions were put forward in terms of regulating rural property rights transfer markets,improving rural social security systems,improving rural financial ecology,and reducing transaction costs.The chapter 11 is the research conclusion and outlook.The conclusions of this paper are put forward in brief and clear words,and the research prospects are put forward according to the deficiencies in the research of this paper and the focus of the next stage. |
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