The Operational Efficiency Of Rural Financial Institutions In Heilongjiang Province

Rural finance is a main force propping the development of rural economy and agricultural modernization,as well as improvement of peasants' living standard.As the main supplier of rural finance,the running efficiency of rural financial institutions not only affects rural financial requestors to obtain funds,but also indicates micro-efficiency of rural financial market.Recently,the economic picture of Heilongjiang Province has become brighten.Carrying out the reform of modern agriculture,the State Council has designated Heilongjiang Province as the pilot are a of the national comprehensive reform of agriculture.Adding to unique advantages to agriculture,the development of Heilongjiang's agriculture has got the top.In recent years,government has offered a set of measures: promoting the comprehensive reform of modern agriculture in the "two Great Plains";improving the comprehensive agricultural productive power,conducting monetary and credit policy,and encouraging agricultural-related financial institutions to increase the investment.By the end of 2016,the balance of agricultural-related loans in the province was 799.25 billion yuan,up 11.86 percent from the same period last year.However,there are still many challenges in the development of rural financial institutions,including the expansion of forei gn banks,the reform of interest rate marketization and the development of Internet finance.To respond to the challenges,rural financial institutions should improve its running efficiency,which is also the core of sustainable development of rural economy and finance.Therefore,under the background,to study the running efficiency of rural financial institutions,by comparing with the other efficiency,is essential to rural financial institutions in Heilongjiang province,even in the whole country,which can enrich the theories in this field,and provide theoretical basis for relevant policy-maker.The important significance can not only enrich the literature in this field,but also provide a theoretical basis for the policy formulation of the relevant re gulatory authorities of rural financial institutions.This paper summarizes the domestic and foreign studies on the running efficiency of rural financial institutions.Focusing on the purpose of the research,it combines with the current situation of the development of rural financial institutions in Heilongjiang region.Based on the efficiency theory as the basis for research,this paper constructs a static and dynamic multi-index evaluation system.Using DEA,it studies the static efficiency and dynamic e fficiency of rural financial institutions in Heilongjiang Province respectively,and finds out the main factors that affect the improvement of the operational efficiency of rural financial institutions in Heilongjiang Province.Furthermost,the author puts forward three aspects: strengthening the internal reform of rural financial institutions in Heilongjiang Province,innovating the rural financial products and perfecting the rural financial service system,which has great practical significance to the development of rural financial institutions in Heilongjiang Province.