A Research On Practical Difficulties And Solutions With Regards To Promoting Targeted Financial Poverty Alleviation

Ever since the 18 th National Congress of the Communist Party of China,President Xi has stressed that financial poverty alleviation should be well promoted.Targeted financial poverty alleviation is an important part of poverty alleviation project leading by government.It can provide fund for poverty alleviation related projects as well as minimize risks and costs of loans related to poverty alleviation projects.On one hand,targeted financial poverty can directly raise fund to support poverty alleviation projects,on the other hand it has an indirect effect on poverty alleviation by facilitate the overall economic growth of the country.Targeted financial poverty alleviation's inherent dual-characteristic of finance and poverty alleviation concludes its nature of both market directed financial resource allocation and government management.During process of targeted financial poverty alleviation,financial institutions play the main role of providing funds for poverty alleviation projects,while government participates as leading role to balance the conflict between financial institutions' profit-leading management nature and poverty alleviation's nature of high-risk and low-profit.Therefore,successfully forming a government leading business model with united multiple participants aiming for the same goal is critical for targeted financial poverty alleviation to archive its original intention.This paper applies theory of synergetic co-governance and theory of incomplete competitive market to conduct research on difficulties and solutions with regards to promoting targeted financial poverty alleviation in P city,from prospects of system and mechanism of financial poverty alleviation,financial supply,financial infrastructure and credit environment of rural areas.The current difficulties faced by participants of targeted financial poverty alleviation are flawed system and mechanism of financial poverty alleviation,insufficient financial supply,incompetent financial infrastructure and poor credit environment.In the last,this paper proposes strategies from prospect of financial poverty alleviation structure and mechanism reform,acceleration of financial infrastructure construction,increasing funding supply at affordable price and optimize credit environment in rural areas.This paper mainly includes five sections:This section summarizes current targeted financial poverty alleviation policies undertook by municipal government and financial regulatory agencies,and illustrates that the main goal of this paper is to promote synergetic co-governance in targeted financial poverty alleviation in P city,in order to offer solutions to financial poverty alleviation difficulties and facilitate targeted financial poverty alleviation.The second section explains the concept of targeted financial poverty alleviation and related theories.The third section is about the current situation and problems of conducting financial poverty alleviation in P City,Henan province,based on the theoretical logic of beforehand,in progress and afterward.The forth section analyzes reasons that cause problems of promoting targeted financial poverty alleviation in P city.The fifth section is about the suggestions of promoting financial poverty alleviation in P City.