Research On The Rural Finance Service Of Sichuan Province In China

Rural Finance is an important part of the financial system in our province, but also an important force to support the "three rural", and actively promote the urban and rural development and promote the province a new socialist countryside construction projects. Development of rural finance has played an active role in consolidating the position of agriculture as the foundation to support rural economic development, increase farmers’income. Domestic and foreign scholars have done a lot of research on rural finance, relatively completing theoretical system. Supported by these theories as to the formation of rural financial service system is simply summarized as:First, improving the organizational system of rural financial institutions to build a functional and reasonable division of labor, property rights, regulatory support of the rural financial services institutions; the second is to optimize the rural financial system, to enhance product innovation and innovative power of the rural financial institutions to meet the diverse needs of the rural economy on financial services;the third is to improve the rural financial risk prevention system, and construct a comprehensive protection package to protect the legitimate rights and interests of financial consumers:the last is to innovate rural financial institutions, starting from innovating system, innovating business, innovating external environment in order to have the formation of a multi-tiered financial services system with adequate competitiveness.in this paper, the specification analysis and empirical analysis, historical analysis and comparative analysis, theory and practice combine research methods. In the analysis of Sichuan Province, based on economic theory and finance theory, by analyzing the present situation of rural financial services in Sichuan Province, in-depth study of Meishan Rural status of financial services system, this paper will explore how to improve the rural financial service system in Sichuan Province. In the analysis, combined with the economic and financial analysis of the data in Meishan City over the years, this paper suggests ways to improve the province of rural financial service system recommendations.Sichuan Province is one of the major provinces of China’s western development, whose economy in recent years have maintained a rapid run trend, but compared to the level of economic development in some provinces of the eastern region remained backward. Rural economic development of rural finance is increasingly high requirements. To promote economic development, especially in rural economic development and revitalization of rural financial services is particularly important. However, the Sichuan rural financial service system is not perfect, to some extent, affecting the rapid economic development, which becomes more prominent to study the importance of the rural financial service system in Sichuan Province. At present, the province’s rural financial institutions are in a critical period of reform. It appears that it is necessary to continue to deepen reform, enhance the reform of the effectiveness, and to improve rural financial services, and explore how to improve the province of rural financial service system.In order to study financial services specific situation deeply in Sichuan Province, it needs to continue to develop rural financial services in Sichuan Province’s condition. Rural finance also varies in Sichuan Province, for different city and state have different economic characteristics. This paper selects in the plains, a good representative of Meishan City as a case study analysis, rural financial services, as well as the achievements of rural financial services, analyzing the shortcomings in the financial services. in order to improve the rural financial recommendations of finance service.By studying the present situation of rural financial services in Sichuan Province, as well as rural financial services in Meishan City, this paper has found shortcomings in the financial services in rural areas. To further improve financial services in rural areas, the following policy recommendations includes:Firstly, improving the rural financial organizations. Rural financial services need to organize as a carrier, a reasonable and effective organizational design in order to make rural financial service system to normal operation, for it is necessary to build functional, clear property rights, a reasonable division of labor, a strong regulatory rural financial institutions. The second is to optimize the system of rural financial products. Rural financial organizations need to firmly establish the concept of "rural" for the needs of the weak links of the characteristics of the production life of the rural economy and agricultural economy, according to market changes, promote financial innovation, the development of differentiated varieties of financial services, the formation of diversification of financial services and financial products to meet the financial needs of rural areas in different circumstances. The third is to improve the rural financial risk prevention system. Enhance the environment and initiative of the Government to improve credit, improving the financial institutions to improve the credit environment, and continually enhancing the effectiveness of rural financial services. And it also needs the Government establish a new rural construction in the "risk compensation" system, and continue to give a certain percentage of rural financial organizations to ease the process of rural credit risk of some uncertainty. The fourth is to strengthen rural financial service system. Financial sectors should actively cooperate with the local government, integration of urban and rural financial resources to achieve co-ordination of the Regional Financial Development and Local Government industrial layout, planning of urban-rural integration, focusing on strengthening the financial policy, industrial policy and fiscal policy, in order to play a positive role of finance in the urban and rural development better.