Research On The Development Strategy Of Inclusive Finance Under Rural Revitalization And Development

With the proposal of the strategy of rural vitalization in the 19 th Communist Party of China National Congress,the importance of rural financial development in the financial industry has become more and more profound,which is both an opportunity and a challenge for improving the level of rural inclusive finance.China has a huge population,which includes a large number of farmers.Thereby,the development of rural finance reflects the development of China’s comprehensive finance.However,the development level of rural inclusive finance in China is relatively low.Therefore,it is of great significance to study the development strategy of rural inclusive finance.Based on the development experience of rural inclusive finance in Tangshan,the problems of Chian’s rural inclusive finance were analyzed through teal cases and the strategies that suitable for the development of China’s rural inclusive finance were summarized.The main research contents are shown as follows:First,in this article,through sorting out the developmental and theoretical background of China’s inclusive finance,the development status and characteristics of China’s rural inclusive finance were generalized.The factors that could influence the development of China’s rural inclusive finance were analyzed from the aspects of optimization of financial environment of rural inclusive finance,weak control of financial institutions and complex risks of farmers.Further,the main problems of China’s rural inclusive finance were refined,namely the limitation of rural financial environment,the dilemma of trust and the relatively high financial risks.Secondly,by combining the situations of China’s rural financial development,the characteristics and problems of the rural inclusive finance at Tangshan were summarized,including the complex financial environment,low trust level,high degree of risk and unbalanced composition of talent etc..In addition,the problems also include that scale of operation cannot meet the demand of rural,information asymmetry leads to trust crisis and high financial risk.This leads to the main force of the rural inclusive finance at Tangshan,namely the development status of rural credit cooperative at Tangshan.Thirdly,by organizing,screening and analyzing the data from the rural credit cooperative of M district,Tangshan city and combining the practical experience of the rural credit cooperative in developing inclusive finance using "Hui Nong Dai" business,the effective strategies adopted by the rural credit cooperatives in Tangshan in developing inclusive finance were summarized and their practical effect were elaborated,which included the expanded business scope of rural credit cooperatives,the realization of benign interaction between rural credit cooperatives and customers and the risk cost reduction of rural credit cooperatives.Finally,by combining the domestic situation and the experience of rural financial development in Tangshan,this paper summarized the strategies that suitable for the promotion and application of domestic rural inclusive financial development to realize rural revitalization.That is,rational use of policy to expand the ability to influence;seeking cooperation with village committees to firm trust relationship;use linkage relation to strengthen risk control.In the present paper,we analyzed the research results of inclusive finance from global scholars and reviewed the influential factors and development process of inclusive finance research.From the real case perspective of inclusive finance situation of Tangshan rural credit cooperatives,we summarized its development experience and effective strategies for promoting inclusive finance on a large scale.The results have important reference value and practical guidance for the development of China’s rural inclusive finance.