A Study On The Innovation Of Agriculture-related Financial Service Of The Huangpi Branch Of Postal Saving Bank Of China Under The Perspective Of Inclusive Finance

The issues concerning agriculture,countryside and farmers thoroughly relate to the social and economic development.In other words,they are fundamental obstacles to the national economy and people's livelihood.Rural finance is the core of rural economy.In order to promote the sustainable development of rural economy and the modernization of agriculture,the effective support from rural finance is indispensable.In Chinese rural areas,the increasing diverse demands in economics cannot be satisfied any more because of the comparatively weak economic base,laggard financial development,and insufficient economic services.In this context,the 3rd plenary session of the 18 th Communist Party of China(CPC)Central Committee adopted the decision on several major issues relating to the comprehensively deepening reforms,which formally proposed the“development of inclusive finance”and elevated it into a national strategy.The government work reports from recent years also require financial institutions to expand their business on inclusive finance and strengthen relative services.Consequently,the sense of social equity and gain can be both enhanced,the rural residents will be able to get rid off poverty,and finally,the goal of building up a moderately prosperous society in all respects will be achieved.This article summarizes the problems existing in the development of financial services through analyzing the present situations of the Huangpi branch of Postal Savings Bank of China in rural financial services,with a new understanding of the background and significance of the rural financial services,and the advanced experiences from foreign financial institutions in related areas meanwhile.And then,it tries to put forward countermeasures and suggestions to push the development of rural financial services from the perspective of inclusive finance,so as to develop the rural economy,accelerate the transformation and upgrading of traditional agriculture,and improve the income level of farmers.The article is divided into six chapters:Chapter I discusses the research background and the importance of this topic with emphasis on the literature of inclusive finance and rural finance at home and abroad.Chapter II interprets inclusive finance and its related theories,which principally include three parts:the concept and connotation of inclusive finance,and the financial exclusion theory;rural financial development theory;and rural inclusive finance theory.Chapter III introduces the foreign development and experiences in rural financial services,and some enlightenment to Chinese agriculture-related financial services as well.These examples are mainly taken from the United States,France and Bangladesh.Chapter IV describes the general characteristics of the China Postal Savings Bank and the development status of the Huangpi branch in rural financial services,particularly the special microcredit business of the Huangpi branch and its specific methods of developing rural financial services.Afterwards,it points out existing issues in rural areas from different aspects comprising ecological environment of finance,the contradiction between the financial market demand and supply,the internal control system of rural branches,and financial services.Chapter V provides the countermeasures and advises to Huangpi branch for the development of rural financial services from the angle of inclusive finance,such as optimizing the ecologic environment of rural finance,increasing the supply of rural financial services,improving the internal management,etc.Subsequently,the popularization and equalization of rural financial services could be pushed forward and fulfilled.Chapter VI summarizes the whole paper.