A New Type Of Rural Financial Institutions Development In Hunan Province

Rural finance is the core of modern rural economy and the necessary financial support of agriculture modernization development, the new rural financial institutions is the dominant form of rural financial innovation. Through systematical research on the relationship between the new rural financial institutions and the development of rural economy, in-depth analysis factors restricting the development of new rural financial institutions, in order to put forward some countermeasures on the development of new rural financial institutions.The current grain production and rural residents per capita disposable income continued to increase in Hunan Province, development of agricultural modernization continued to accelerate, increasing rural financial demand. But for the existence of urban and rural dual economic structure, the imbalance between supply and demand of rural finance have become increasingly prominent. Hunan Province is making great efforts to deepen "four modernizations two types of strategic development, developing new rural financial institutions in order to enrich the main supply of rural finance, making rural financial supply and demand balance.In this paper, we apply theories of financial development, rural finance, financial inclusion, through systematical analysis the path of new rural financial institutions influencing development of rural finance. This paper first describes the development of domestic and foreign research progress on new rural financial institutions, overviews theories of development of new rural financial institutions. Secondly, this paper analysis characteristics,development environment, development effectiveness of the new rural financial institutions in Hunan province, points out the development trend of the new rural financial institutions. Thirdly, through systematical analysis the problems existing in the development of new rural financial institutions in Hunan province, sums up factors restricting development of new rural financial institutions from the perspective of macro, meso, and micro. Finally, based on the above theory and objective analysis, we put forward some countermeasures to promote the development of new type of rural financial institutions from the the perspective of the rule of law and regulation system, policy support, strengthen internal management and reputation accumulation in Hunan province, points out the shortcomings of this paper and the follow-up research direction.