A Comparative Study Of Small-scale Poverty Alleviation Credit Models In Typical Areas Of China

Poverty has always been a big problem affecting public stability.How to eliminate poverty and truly achieve a well-off society is a major challenge facing China at this stage.By introducing funds into poor areas,it is possible for poor households to lend to labor production,and then to rely on industries to achieve “permanent poverty alleviation”.This is an important way to use financial means to help the poor.However,how to solve a series of problems such as the risk of financial institutions and information asymmetry is the key to achieving financial poverty alleviation.Therefore,the in-depth study of financial poverty alleviation has important practical significance and guiding significance.The China Banking Regulatory Commission has held financial poverty alleviation meetings in the cities of Mayang,Ningxia,Yanchi,Lushi and Yunyang.This paper aims to summarize the four typical regional financial poverty alleviation models and discuss the possibility of further improving financial poverty alleviation.As a typical area for poverty alleviation in China in the early stage of the use of finance,Hunan Mayang Miao autonomous county used the financial allocation as a collateral to drive the bank's microfinance,providing a model for solving the problem of insufficient funds for financial poverty alleviation models in other regions.The method of using “Tanyang Bank” in Yanchi County of Ningxia is in line with the current policy of the National Poverty Alleviation Office.The use of the Tanyang industry to enable poor households to participate in the industry and achieve the initiative to get rid of poverty is worth learning in other regions.Lushi County,Henan Province has innovated the “three-level linkage,combination of government and bank” in solving the most worrying credit risks of financial institutions.Yunyang introduced capital market funds,independently established poverty alleviation industry funds,issued bonds and introduced poverty alleviation enterprises.The connotation of financial precision and poverty alleviation implies that finance plays a role in promoting the economy.This paper highlights the three aspects of financial poverty alleviation theory,financial deepening theory,rural credit subsidy theory and rural financial system theory,reflecting the relationship between finance and economy.It also shows that financial poverty alleviation can play a role in rural areas.Secondly,it introduces four financial poverty alleviation models in Henan Lushi,Hunan Mayang,Hubei Yunyang,and Ningxia Yanchi,highlighting the characteristics of its model and giving its experience to other poverty-stricken areas.Again,using the four key indicators of GDP,per GDP,rural per disposable income,and deposit and loan balance,the financial poverty alleviation effects of the four regions are highlighted,reflecting the persistence and importance of industrial poverty alleviation.In addition,the financial poverty alleviation models of the four regions are compared and analyzed,and the shortcomings of the relevant financial poverty alleviation model are obtained,included that the sources of poverty alleviation funds are not extensive,the use of poverty alleviation funds is not standardized,the risk sharing mechanism and the service system are not perfect and so on.Finally,the policy recommendations of the financial poverty reduction models are given,including introducing other financial poverty alleviation capital,standardizing the use of funds,improving the risk sharing mechanism and the financial service system.