A Study On Hubei Rural Finance Development Under Financial Repression Circumstance

As a typical agricultural country, China’s rural economic development is directlyrelated to the overall situation of economic and social development, rural finance plays avital role in rural economic development. And as a major agricultural province in centralregion in China, Hubei has low level of development of agriculture and slow growth of therural economy. So whether rural financial development constrains rural economicdevelopment in Hubei, how it affects and what’s the strategy needs to be studied.On thebasis of rural financial development theory,this paper describes the status of ruraleconomic growth and rural financial development of Hubei.Then it reviews the level offinancial development of Hubei by empirical research and draws a conclusion that thereexists financial repression in rural Hubei province.Then it analyzes the reasons forfinancial repression in rural Hubei province and its impact on economic growth. At last，itputs forward some policies and advice to release the financial repression and to promotethe financial deepening.