Research On The Effectiveness Of Financial Services For Rural Revitalization In Chongqing

In recent years,the central committee of the communist party of China(CPC)has introduced a series of policies to deal with the problems of agriculture,rural areas and farmers in order to improve their income and social welfare.The rural vitalization strategy proposed in 2017 is an important strategy to guide China's rural work.As the core of modern economy,rural finance is an important part of China's financial system and agricultural support and protection system,and an important factor to support rural vitalization.In 2018,chongqing has set up a standing list of 252 key tasks,71 key projects and 159 policies and measures,with a planned investment of 235.1 billion yuan in key projects,making all-round efforts to promote rural revitalization.In order to realize the strategy of rural vitalization,chongqing municipal government has put forward a series of measures to promote the focus of rural vitalization on various subjects and factors,and has carried out diversified and multi-level financial services.These measures have been the financial institutions have responded.However,there are still many problems such as shortage of funds,shortage of financial services and imperfection of rural financial system.Therefore,in order to promote the development of rural economy in chongqing and promote the rural revitalization construction in chongqing,it is particularly important to take effective measures to introduce financial resources and various funds into rural areas.Based on the rural vitalization,this paper firstly elaborates the theory and mechanism of financial service rural vitalization in chongqing.Secondly,this paper analyzes the threshold characteristics and spatial spillover effects of financial services on rural revitalization development in chongqing by constructing the threshold effect model and the spatial econometric model.The research results show that: first,from the threshold panel regression model,under different income levels,the results of finance on the state of various rural facilities show a u-shaped result,but the return of finance on rural infrastructure investment has a lagging effect,so there is a negative correlation.From the perspective of spatial panel regression model,the development of finance in chongqing has a significant role in promoting the construction of rural revitalization.Second,the financial development of chongqing has a spatial spillover effect on the development of rural revitalization,which indicates that the financial development of each district and county in chongqing is not only conducive to the rural revitalization of the district and county,but also conducive to the rural revitalization of neighboring districts and counties.At last,this paper puts forward some countermeasures and Suggestions based on the theoretical analysis and current situation analysis of financial development in chongqing.