An Empirical Study On Xiangyang Inclusive Finance Supporting Rural Revitalization

In order to effectively promote the development of rural areas,the report of the19 th National Congress of the Communist Party of China proposed to implement the strategy of rural revitalization.Rural revitalization cannot be separated from the support of financial resources such as funds.Inclusive finance can effectively guide and allocate financial resources to key areas and weak links in rural areas,bringing strong support to rural revitalization.This paper theoretically analyzes the support of inclusive finance for rural revitalization,and combs the development status of rural revitalization and inclusive finance in China and Xiangyang City,as well as the support of inclusive finance for rural revitalization.Subsequently,taking the data of Xiangyang City in Hubei Province from 2010 to 2020 as an example,this paper establishes the inclusive financial index and Rural Revitalization index of Xiangyang City by using the entropy weight method to determine the coefficient weight,and by building a vector autoregressive model(VAR),carry out cointegration analysis,Granger causality test and pulse analysis on Xiangyang inclusive financial index and rural revitalization index.Through research,this paper finds that: first,with the high attention and strong promotion of Xiangyang municipal Party committee and government,from 2010 to2020,the Inclusive Finance and Rural Revitalization of Xiangyang City have achieved good development;Second,there is a long-term balanced relationship between the development of Inclusive Finance and Rural Revitalization in Xiangyang City,which influences and promotes each other.In the end,this paper has these suggestions: First,further improve the supply level of inclusive finance and establish a more perfect financial security system for rural areas;Second,further strengthen inclusive financial services to provide more distinctive and practical financial products for rural areas;Third,further deepen the construction of the rural credit system and create a more transparent and efficient financial ecological environment for rural areas;The fourth is to further strengthen the publicity of rural financial knowledge and establish the awareness of learning,understanding and using finance for rural areas.