Financial Support Hulunbeier New Pastoral Areas

Efforts to build the socialist new countryside and new pastoral area to ensure the sustainable development in areas inhabited by ethnic minorities, are not only demanded by the process of building the harmonious socialist society, but also necessitated by the overall development of China. For instance, in order to bridge the economic gap between Hulun Buir and other developed areas, the government had given the financial strength full play by formulating various financial preferential policies and utilized new measures to mitigate contemporary problems and conflicts, thereby insuring the sound and sustainable development in areas inhabited by ethnic minorities.However, despite of the remarkable improvement in Hulun Buir, this area still faces kinds of realistic difficulties:ever-growing population, limited productive resources, slow development in animal husbandry and low-level incomes.A modern Hulun Buir demands diverse and stable financial supports covering different fields and providing specific services. But currently the construction of the new pasturing area is confronting with a plenty of problems:unfledged financial facilities hinder bank savings from transforming into investment; capital outflow is severe, and system of attracting funding injection needs to be further improved; the mechanisms of policy-based and commercial finance are both vulnerable; financial products are outdated and its innovation is unable to meet the market demand; insurance on animal husbandry risks is lagging behind, which is a typical financial weakening problem, as well as the financial leverage could not influence this kind of economy enough as it should be. In order to solve aforementioned problems, financial supporting point should be found out to promote the financial improvement. It is also necessary to build up a more flexible funding system, increase funding sources, create more financial products, and enhance financial ability, such as raising more effective credit funds to serve the construction. As a result, the rapid and sound development could be achieved.