The Research On Rural Inclusive Finance Development Strategy

On November 17th,2013,"several major issues about comprehensively deepen reform of CPC Central Committee" was adopted on the Third Plenary Session of the 18th Chinese Communist Party,proposed formally,"develop inclusive finance,encourage financial innovation,make financial market level and products rich",this is the concept of "inclusive finance" for the first time as a national strategy.In fact,since 2004,For 11 consecutive years,"Central NO.1 Document" has made it clear to the attention of the problem of "agriculture,rural areas and farmers",proposed to expand the range of financial services in rural areas,so that most vulnerable groups in rural areas have access to good financial services.In March 2014,Chinese Premier Li Keqiang has said in the government work report:"In the important area of promoting reforms to deepen financial reform,develop inclusive finance,make financial reform and development results benefit the masses better."At present,have two-thirds of the countries worldwide have launched construction of inclusive finance,and more than 50 countries made the projects of inclusive finance development.Although China has taken the inclusive finance development as a national strategy on the agenda,and vigorously promote the construction of inclusive finance.But looked from the present reality,there are still many problems to be solved.For example,small and medium-sized enterprises in our country meet rate of the loans less than 30%,in a real demand for loans to farmers,there are still 40%of farmers' loans needs are not met,farmers,especially by formal credit constraints is almost more than 60%.In addition,our country as well as other developing countries,there are still serious problem of "financial repression",which led to the imbalance of financial structure.These problems are a serious impediment to further promote inclusive finance in China.In order to improve these problems,to break the current situation of the urban and rural "dual structure",many places carry out the construction of inclusive financial innovation in China.Pingnan as an early start in the inclusive financial innovation,in order to further improve financial services in rural areas,increased support of financial institutions,for agriculture,rural areas and farmers,small micro enterprises,responded to the banking regulatory commission(CBRC)advocated"three projects".After a period of time to explore,the good effects of Pingnan inclusive financial development continues to play,have a more innovation methods in the process of construction,making inclusive finance degree increased year by year.This paper reviews the research on domestic and international about microfinance,microfinance and inclusive finance theory,to understand the inclusive finance development present situation,and analyzes the restricting factors exist in the process of development,including:an inclusive financial system in rural areas function is not perfect,there is a structural imbalance between supply;rural financial institutions,internal management system,operation mechanism is not perfect;financial product innovation is insufficient;The rural financial ecological environment restriction,etc.Then,summary the experience of Pingnan in the process of developing inclusive finance,including:creating the rural financial innovation service platform,to create the Pingnan Microfinance Promotion agency,established the Pingnan inclusive financial information platform,etc.And use the method of factor analysis to analyze the extent of Pingnan inclusive finance.Finally,from establishing diversified rural financial organization system,improving the internal management and operational mechanism of rural financial institutions,innovating guarantee mechanism and credit products,innovating the ways of service,establishing a non-profit guarantee agencies,improving the rural ecological environment and other aspects of our policy recommendations for the development of inclusive finance.