| Rural finance is an important part of modern financial system and the key to implement the strategy of rural revitalization.At the time being,China is approaching the fruit of building a well-off society in an all-round way and the 13 th Five-Year Plan.Yet in the new period,especially under the background of the strategy of rural revitalization,it remains a difficult problem to realize “Chinese Dream”,when it comes to proper ways to promote the modernization of agriculture and rural areas as well as the prosperity of farmers,to construct a new relationship between rural financial supply and demand,and to solve the financial problems and capital bottlenecks to promote rural revitalization.In recent years,desirable results have been achieved with rural finance supporting rural revitalization.First,agricultural loans grow steadily,providing supports for farmers and agricultural enterprises.Second,with financial physical network coverage over rural areas increasing,financial credit system has been established and updated continuously.Third,systems of rural monetary and credit policies,finance,taxation and supervision has been further improved.Fourth,China has issued the Central Document No.1 in the past 10 years,in the aim of reinforcing rural financial reform in all aspects,improving the rural financial service system,and promoting effective rural financial support for rural construction.However,at the same time we should also realize that there are still many problems in rural financial support for rural revitalization,mainly in the following aspects.Firstly,the government is expected to enlarge and enhance the support for rural construction,as the rural is struggling in extending inclusive finance.Secondly,it is still a long way to set up a diversified and three-dimensional rural financial service organization system,as rural financial products supply is too monotonic,and rural loan procedures are too complex for the long approving period.Thirdly,there hasn’t been a sound legal system for agricultural insurance,leading to inadequate level of security and incomplete credit risk sharing mechanism.In contrast to the commercial insurance whose compensation rate is high,the purchase of insurance purchase is quite unsatisfying.Fourthly,the system of evaluation,guarantee and transfer mechanism of rural property is immature and yet to be complete.Fifthly,rural enterprises is too weak to be able to raise capitals in more ways.The ones in the initial period in especial,find it harder to raise capitals for the lack of collateral.Sixth,farmers shows great demand for agricultural finance,yet rural financial institutions are not able to meet the diversified financial needs of those farmers.In additional,farmers’ credit information is not updated in time is difficult and the publicity of financial knowledge inrural area is not in place.In this case,what can the government do to ensure that rural finance supports the long-term and sustainable and stable development of rural revitalization?In this paper,the author tries to establish a long-term interactive mechanism of “six parties”,which are mechanism of government support,mechanism of sound financial organization service system,mechanism of insurance guarantee,mechanism of rural property right supporting,mechanism of agricultural enterprises stimulation,and farmers self-driven mechanism.The “six parties” are expected to interact and cooperate with one another to cope with the information asymmetry between rural financial institutions and agriculture-related enterprises and farmers,so that the information cost of financial institutions could be cut down in the whole process and rural financial institutions could put increased effort into the loan issuance to agriculture-related enterprises and farmers.Meanwhile,the government should guide and support agriculture-related enterprises to develop such green industrial chain that agriculture-related enterprises can provide more advantageous job opportunities,which allows farmers to be self-driven and hence increase their incomes. |
