The Research Of Rural Financial Development Promote The Farmers' Income Growth In Hebei Province

The construction of new socialist countryside is the only way to build a well-off society in an all-round way and promote socialist modernization.The ultimate goal of the new rural construction is to increase the income of rural residents and improve the living standard of the people.The current new rural construction lacks system guarantee and the income gap of urban and rural residents is increasingly widening,so we will deepen reform of the rural financial system,strengthen the financial development,promote rural economic growth and the farmers' income growth which has profound significance.At present,there are some problems in the increase of farmers' income.First,it is more than the number of people but little land.And the increasing of farmers' income losts power.Farmers receive less return from the second and third industries.Second,the countryside lacks the conditions that rely on science and technology to turn into productive forces.Third,the development of agriculture is still in the rough processing stage,and the industrialization mode is still not formed.So far,village Banks,rural cooperative Banks,rural commercial Banks,such as the rapid development of local financial institutions,which provides strong financial support to the development of rural areas,which also further enhances the level of farmers'income.In view of that problem encountered in the increase of peasants' income,this paper studies the relation between the situation of rural financial development and the current situation of farmers' income in Hebei province.First,this paper applies to descriptive statistic analysis method,then collect relevant data through the Hebei province bureau of statistics,lastly describe the current situation of the rural financial development in Hebei province by analyzing the bottlenecks encountered in the rural financial development;Then,based on the quantitative indicators of rural financial development in the third chapter,this paper makes an empirical analysis and finally draws the relevant conclusions of this paper,and in the end the article gives corresponding suggestions on the rural financial development in Hebei province.The main conclusions are:Firstly,according to the existing data,there is a significant co-integration relationship between the rural financial development and the increase of farmers' income from 1995 to 2016.Secondly,it is believed that the parameters of the co-integration model in 2006 have changed,and the original rural financial structure has been adjusted,which is mainly due to the influence of policy laws and regulations.Thirdly,according to the test results of zou inspection,it can be considered that the scale,structure,efficiency and density of rural financial development in Hebei province have not been improved at the beginning of the reform of rural financial system.Fourthly,based on the result of the co-integration equation of the region,the rural financial development is better in the more developed regions of Hebei province,and also the positive contribution to the increase of farmers' income is the most significant.In the backward areas,there are many problems in the development of rural finance,and the structure and efficiency of backward rural finance can restrain the increase of farmers' income instead.