Research On Financial Service Innovation And Risk In Hebei Province Under Rural Revitalization

As the blood of modern economic operation,finance is the booster to realize the allocation of resource elements in rural revitalization.In document No.1 of the Central Committee of 2018," opinions of the CPC Central Committee and the State Council on the implementation of the strategy of rural revitalization ",it is clearly proposed that financial resources should be tilted to rural areas through the implementation of financial reform to meet the financial needs of rural revitalization.Two years after the implementation of the strategy of rural revitalization,the rural agricultural industry and its modernization degree have been deepened,the number and scale of new industrialization organizations have increased,and the demand for funds has gradually increased.Financial institutions have also been increasing their efforts to support agriculture related to agriculture,increasing agricultural loans,and providing financial security for agriculture,rural areas and farmers.Despite this,financial institutions are still unable to provide effective supply in the face of the huge demand for financial services from a large number of small and medium-sized agribusiness enterprises and farmers.The reason is that rural financial risk is an important factor restricting the development of rural finance,so how to solve the financial risk problem through financial service innovation becomes the inherent requirement of rural industrialization development.In the context of rural revitalization,this paper analyzes(1)The present situation of rural support for rural revitalization in Hebei Province is described,and the characteristics of large-scale,diversified and long-term demand of rural finance under rural revitalization are described and analyzed.At the same time,it also combs many new measures and new ways of financial services for local governments and financial institutions.(2)This paper summarizes and refines several typical models of financial service innovation in hebei province,including "government,bank and enterprise household insurance "," government and bank insurance "," government finance responsibility" and "supply chain finance ".This kind of financial combination fist shares the agricultural credit risk of the banking institution to a certain extent,and improves the enthusiasm of the financial institution to support agriculture.But there are still risks in financial service innovation,and only by deeply identifying and controlling these risks can financial service innovation be sustained.(3)Based on entropy theory,we analyze the risk of financial service innovation,construct the risk entropy model of financial service innovation,reflect the risk degree of financial service innovation through the total entropy value of financial service innovation mode,and analyze the risk in financial service innovation from the angle of mode entropy increase and entropy decrease.Through analysis,we find that there are a series of new risks in financial service innovation,such as the financial sustainability risk of the government,the asset transformation risk of the guarantee institution,and the cooperation risk among the various elements.(4)It puts forward some countermeasures and suggestions to strengthen the policy support,establish diversified financing channels,perfect the rural credit information system,perfect the risk sharing and compensation mechanism,and set up the agricultural comprehensive information service platform,so as to achieve the purpose of promoting the financial sustained service for rural revitalization.The innovation of this paper has two points,one is to summarize and refine the four models of financial service innovation in Hebei Province on the basis of combing the current situation of financial services,and analyze the operating characteristics of the innovation model from the aspect of interest connection mechanism between different subjects;the other is to construct the risk entropy model of financial service innovation from the perspective of entropy theory,and analyze the risk composition of financial service innovation,and put forward the risk control countermeasures accordingly.The deficiency is that the specific data of financial service innovation model is not available,and the risk analysis of financial service innovation is still in the theoretical stage,and no empirical research has been carried out.