Research On New-type Rural Financial Institutions Legal Incentive Mechanism From The Perspective Of Inclusive Finance

The concept of inclusive finance was proposed by the United Nations in 2005, as the practice of inclusive finance had carried out before that. Our government puts a high value on the construction of inclusive finance system. Some related departments energetically promote rural finance reform to solve the problems of countryside, agriculture, peasants and rural finance difficulties. Considering the traditional financial institutions in the traditional financial market can't solve the problem of rural finance supply deficiency, government tries to establish some new-type rural financial institutions to solve the problems in the development of rural finance in our country. Compared with the traditional rural financial institutions such as rural credit cooperatives, new-type rural financial institutions have features such as low-threshold and strong support for agriculture, which help them play a better role in promoting the development of Inclusive Finance in rural areas. Though our country is now cultivating new-type rural financial institutions vigorously, existing laws and regulations and incentive mechanism can't insure the sustainable development of new-type rural financial institutions. Under this background, this article which is based on the perspective of inclusive finance, investigating the relevant legal incentive mechanism and depending on analysis the existing problems of incentive mechanism and drawing lessons from the advanced experience of the legal incentive mechanism of typical rural financial institutions and putting forward specific countermeasures to improve the legal incentive mechanism of new rural financial institutions of our country to construct the legal incentive mechanism of the new rural financial institutions in our country.The main content of this article is divided into four parts, the basic framework is as follows:The first part is the summary of legal incentive mechanism of new rural financial institutions in the perspective of inclusive finance. Firstly, it introduces general theory of inclusive finance, including the concept, feature and value of inclusive finance. Secondly, it introduces general theory of new-type rural financial institutions, including the concept, feature and its relationship with inclusive finance. Thirdly, it defines the legal incentive mechanism of new rural financial institutions from the perspective of inclusive finance, gives the concept of legal incentive mechanism of new rural financial institutions from the perspective of inclusive finance and analyzes the significance of establishing incentive mechanism.The second part is the investigation on the present situation of the legal incentive mechanism of the new-type rural institutions in our country and its problems. This part begins with the specific guidance of CBRC, Ministry of Finance and Administration of Taxation, introducing the present situation of the legal incentive mechanism of the new-type rural financial institutions in our country. Then it analyzes the problems existing in the legal incentive mechanism of new-type rural financial institutions in our country in five aspects which include access to legal incentive mechanism, tax laws and incentive mechanisms, financial legal incentive mechanism, guarantee the legal incentive mechanism and the legal incentive mechanism of rural insurance and draw the corresponding conclusion.The third part is the investigation of extraterritorial countries' legal incentive mechanism of community oriented rural financial institutions and experience for reference. Firstly it investgate the practice of community oriented rural financial institutions in America, Japan and Germany. Then it provide experience for reference to improve the legal incentive mechanism of new-type rural financial institutions in our country in five aspects including appropriate access to the legal incentive mechanism, the full legal incentive mechanism of financial and tax revenue, complete financial legal incentive mechanism, the legal incentive mechanism of scientific mortgage guarantee and perfect rural insurance legal incentive mechanism.The fourth part is the improvement of legal incentive mechanism of our country's new-type rural financial institutions from the perspective of inclusive finance. This part proposes five improve policies including access to legal incentive mechanism, tax laws and incentive mechanisms, financial legal incentive mechanism, guarantee the legal incentive mechanism and the legal incentive mechanism of rural insurance depending on the studying on the legal incentive mechanism of rural community type rural financial institutions, which provides institutional guarantee for promoting the sustainable development of our country's new-type rural financial institutions.