Research On The China's Rural Financial Development Of Rural Fund Outflow

China's rural economic development is inseparable from the rural financial support,and rural financial institutions,"hardware" network of rapid expansion,while rural inancial management and innovation,as well as supporting "software" there is a lagging behind the characteristics of the financial intermediary function can not effectively The use of funds in rural areas to improve efficiency,and financial institutions in the process of expansion,due to profit-driven and rural financial access to financial markets to reduce the threshold,leading to capital flows mainly out of urban areas and financial markets.Rural areas,their own funds are weak,and a large number of rural financial institutions outflow of funds for rural local economic development,farmer income levels,agricultural intensive scale development unfavorable.The data of the county-level economic data from 2005 to 2012 were collected,and the information of the 216839 financial institutions registered in the whole country was collected.The empirical process provides a dynamic analysis of the capital outflow by means of the difference of the deposit and the difference between the 2005 and 2012,and the information of the 216839 financial institutions registered in the whole country was collected.According to the virtual time operator variables,the rural financial institutions provide evidence for the impact of capital outflows according to the division of financial institutions The Through the construction tool variables to reveal the high proportion of rural capital outflow of funds is more significant.By distinguishing the regional differences in capital outflows in the eastern,central and western regions,it is found that capital outflows in the eastern region are not obvious and there are signs of capital return,while the central and western regions are the key areas of capital outflows.The essential goal of rural financial development is to give full play to the function of financial inter mediation,and to put the rural funds into the local economic construction in order to realize the rural finance reform.This paper argues that the reasons for the outflow of rural funds generally attributed to rural financial institutions is not reasonable.The development of rural finance in the eastern part of the better investment opportunities in the economic base to give full play to its own functions,there is no outflow of funds.Therefore,the construction of rural financial function and give full play to the financial system weakened capital outflow trend,improve the investmentenvironment in rural areas and financial ecological environment and promoting the flow of capital,creating rural financial and economic development of "blood".