Long-term Sustainability Of Financial Poverty Alleviation In Lingshou County

Since the Eighteenth National Congress of the CPC,the Central Committee has raised the key points of poverty alleviation to a new height of governing the country and government.In the report of the Nineteenth National Congress,the timetable for the goals of "two hundred years" has been clearly drawn.Therefore,poverty alleviation in poverty-stricken areas should not be confined to poverty alleviation and prevention,but should also promote the building of a well-off society in an all-round way through long-term and sustained support,promote the overall prosperity of poverty-stricken areas,and thus achieve the great goal of building China into a powerful socialist modernization country.Financial poverty alleviation,as an important driver of precise poverty alleviation,plays an increasingly important role in fighting poverty and promoting county economic development.At the same time,it also urges the financial industry to innovate and develop itself.In recent years,Hebei Province has continuously innovated the county financial poverty alleviation model in practice and exploration.Although it has achieved some results,it still relies mainly on preferential financial poverty alleviation under the incentive of financial subsidies.The poverty alleviation effect is limited,the efficiency is not high,and it does not have sustainability.The existing poverty-stricken areas in our country are all deep poverty-stricken areas.The task of poverty alleviation is arduous.In the near future,preferential finance is needed to promote poverty alleviation,considering our country’s governance objectives and political system advantages.But long-term poverty means relative poverty more,and the focus of poverty alleviation has become to narrow the gap between the rich and the poor.Therefore,financial poverty alleviation needs to be changed in the future.Inclusive finance and financial poverty alleviation coincide in terms of ultimate goal,service content and target.At the same time,the central bank points out that the development of Inclusive Finance is the focus of financial poverty alleviation in the new era.Inclusive finance has also become an important development strategy of China’s financial industry in 2016.Therefore,this paper holds that in the future,China’s financial poverty alleviation work will be transformed from preferential finance to inclusive finance.Based on the background that Inclusive Finance will become an important driving forceof financial poverty alleviation in China,this paper conducts a field survey of Lingshou County,Hebei Province,and investigates its socio-economic basis,implementation mode of financial poverty alleviation,demand and satisfaction of poor households,and financial poverty alleviation investment.By comparing with Fuping County,the paper objectively analyses the gap existing in the process of financial poverty alleviation in Lingshou County and explores its causes.This paper puts forward the idea of formulating a long-term strategy of financial poverty alleviation in Lingshou County,and expounds the basis,guiding ideology,stage division,strategic objectives and supporting means of formulating the strategy,and accordingly gives corresponding implementation strategies.This paper is structurally divided into the following five parts:The first part clarifies the research background,purpose and significance of this paper,and summarizes the literature at home and abroad,combs the research ideas and technical routes,explains the research methods,as well as the main innovations and shortcomings,and so on.The key point of this paper is to point out that financial poverty alleviation can be divided into two stages: the consolidation of precision poverty alleviation by preferential finance and the comprehensive reduction of poverty by inclusive finance.It is proposed that preferential financial support should be given priority to preventing poverty return before all poverty-stricken counties take off their hats,and then,in the process of achieving common prosperity,Inclusive Finance will gradually support the growth of rural economy.The second part mainly introduces the key concepts and theoretical basis.Firstly,the concepts of absolute poverty and relative poverty,precise poverty alleviation and overall poverty reduction,preferential finance and inclusive finance are defined.Secondly,the theories of poverty and anti-poverty,financial development,rural finance and inclusive finance are elaborated.Through theoretical research,this paper holds that one of the important ideas for poverty eradication is financial equity,which guarantees the right of poor people to access financial services.Therefore,it points out that the effective way to solve poverty problem by financial means is to smoothly complete the transition from preferential finance to inclusive finance,and focus on the development of Inclusive Finance to promote the development of county economy.The third part is field research.This paper takes Lingshou County as the main researchobject,analyses the background and current situation of poverty alleviation in Lingshou County,and classifies and summarizes the research results from its financial poverty alleviation model,poverty alleviation investment and effect feedback.At the same time,according to the actual results,the paper compares the financial poverty alleviation situation in Fuping County,objectively analyses the gap and causes of Lingshou County,and draws a conclusion that the financial poverty alleviation work in Lingshou County should be carried out continuously.The fourth part is the strategic design.The future economic development of Lingshou County is divided into two stages: the stage of precise poverty alleviation and consolidation(2019-2020)and the stage of comprehensive poverty alleviation,rich countries and powerful countries(2021-2035).They are supported by preferential finance and Inclusive Finance respectively.Strategic designs are made on how to smoothly link up the two and their respective work priorities.The fifth part is the implementation strategy suggestions.