Study On The Innovative Rural Financial System In Xinjiang

Finance is the core of modern economy ,Rural finance, the most important allocation system of capital factor, plays a more and more remarkable role in rural economic development. The rural finance of our country has obtained greater development since open-and-reform , However, the simple organization establishment and business repartition have not been resolved the problem of credit demand difficulty of the rural economy main body fundamentally, the current situation of rural economy of Xinjiang indicates that the fund has already become "bottleneck" that restricts rural economy development of our country at present. The shortage of appropriate financial institutions providing efficient services to the economic entities in rural areas and meeting their financial demands puts rural economic development in a difficult position. Meanwhile, the operation of rural financial institutions has been restricted in many aspects, which gives rise to many conflicts regarding the financial aggregate, structure, and regulations in rural economic development.The study uses the rural financial theory, and it draws lessons from domestic and international results of scholars, and it adopts real example combining norm analysis, a combination of empirical and normative analysis, qualitative and quantitative analysis methods, etc. At first, this essay carries on an objective description to the rural financial system, analyse the current status of Xinjiang's rural finance, and then constitute the empirical analysis of the financial support in rural economic development in Xinjiang . secondly, based on the theoretical and empirical analysis stated above, shows the existing problems and their causes in financial support to rural economic development, the rural financial organizations exist limited and function is not sound , As the result, rural capitals are flowing into urban cities and developed areas through various channels, the scatteration and devolution of mechanism for finance risk is scare, and then puts forward the innovative mode and innovative way of the rural financial system in Xinjiang, therefore, it is of urgent need to perfect our rural finance system with the co-existing institutions of commercial finance, policy finance , cooperative finance and other financial institutions, live up a pluralistic, competitive and sustainable development of rural financial system, perfect the rural financial ecological environment, so as to promote rural economy growth in Xinjiang.