Research On The Development Of Rural Finance In Yanbian Korean Autonomous Prefecture

Finance is an important source of contemporary economic development.Moreover,rural finance is the core to promote the development of rural economy,the living standards of farmers,and the development of agricultural modernization.In view of the problems of financial services in rural areas,China has introduced policies and measures to promote the development of rural finance.In 2006,China for the first time allowed financial rural areas such as industrial capital and private capital to open banks.She proposed the three-in-one rural financial service system combined by the establishment of commercial financial services,policy finance and cooperative finance services in 2008.After that,she increased the innovation to increase financial products and services in order to supplement the blank of rural financial services in 2010.As time goes on,in 2013,China promoted the policy of broadening the scope of agriculture lending to further guide rural financial institutions to expand the three rural credit function,while providing spring plowing financial services.In 2016,the people’s Bank of China and other seven departments jointly issued the implementation of the views on financially boosting poverty alleviation,which intended to strengthen the financial services in rural areas,and to promote the development of rural economy.With the introduction of these policies and measures,the rural financial service environment and the rural economy were effectively improved.However,with the development of the rural economy,the rural financial demand is diversified.Moreover,the rural financial supply decreased,which was unable to meet the demand of rural finance.The development of rural economy,in turn,was restricted.Therefore,the rural economy and finance will develop only if the problem of rural financial supply and the imbalance between supply and demand were solved.This article summarizes the history and present situation of rural financial development in Yanbian Korean Autonomous prefecture,which is Combined with the development of rural finance in Yanbian Korean Autonomous Prefecture and the combination of theoretical research and field investigation.Moreover,this article elaborates the construction of rural finance and rural economy,regional economic relations and the law of development.It also analyzes the rural financial supply and demand in Yanbian Korean Autonomous Prefecture to explore the cause of the the rural financial supply depression in Yanbian Korean Autonomous Prefecture.Last but not least,this article Learns from the advanced experience of rural financial development abroad to explore the way of breaking the supply repression,and the ideas and Countermeasures of promoting rural financial development in three aspects which are the macro construction of regulation and system,regional financial system and micro development funds to meet the needs of farmers.Therefore,this article has both theoretical value,and guiding significance.