The Case Analysis Of China’s Rural Areas To Carry Out Inclusive Finance

Inclusive finance is a new concept recently introduced in China, its core idea is to provide the various social strata and groups effective, comprehensive quality financial services, meeting the demand of these groups, giving them equal access to the financial services. In rural areas, the main goal of inclusive finance is establishing a financial system, which provide the poverty, the low income households, the small and medium-sized cities and towns enterprises for financial products and services, and realize the increase of their income and improve their life through financial services. Tiandong county is located in the southwest of Guangxi Province, is a national poverty counties. It is one of the test areas about rural financial reform in China. This paper set the Tiandong County as an example. Firstly, the paper introduces the concept of Inclusive Finance, introduces the framework for the development of Inclusive Finance from the aspects of rural financial demand side, supply side, the infrastructure and services, policy environment and supervision. Subsequently, the article summarizes the gains which Tiandong county carried out currently, including the financial organization system, economic construction, guarantee mechanism, credit system and so on. Then the writer point out what currently exist in the process of the development of inclusive financial Tiandong County, such as its development driving force is insufficient, financial institutions are too few, the financial system coordination problem of lack of funds, and low efficiency. After summarizing the various kinds of opportunities and challenges which Tiandong County will be faced, this paper put forward opinions and suggestions, according to the problems existed in the county in the play the guiding role of the government, accelerate agricultural industrialization and farmer entrepreneurship, building inclusive financial policy support system, innovation of rural financial products and expand loan collateral scope and so on. Finally, this paper summarizes the experience and enlightenment of Tiandong County, including the developing inclusive financial, relying on dividend policy and government support, open the reform of property right system in rural areas, vigorously develop agriculture related loans, financial service network construction, to explore the financial long-term service mechanism and so on. Hope all these tips can provide reference for our other less developed regions about developing the Inclusive Finance work.