| The Party’s report on the 20 th National Congress of the People’s Republic of China(CPC)made an important decision on the development of the "three rural areas" in the new era.2023 Central Government Document No.1 emphasized the need to persistently promote rural financial reform,support the construction of a strong agricultural country,and continuously improve the capacity and quality of China’s digital financial services for rural revitalization.The quality of China’s digital financial services for rural revitalization.Digital finance is one of the key elements for the financial industry to serve the "three rural areas" and the revitalization of the countryside.In recent years,the rapid development of digital technology has promoted the flourishing of digital financial services in rural areas,thus greatly reducing the transaction costs of financial services in rural areas and the difficulty for farmers to access financial services,and providing an effective solution to crack the problem of farmers’ difficulty in financing.This has greatly reduced the transaction costs of financial services in rural areas and the difficulty of accessing financial services for farmers,and has put forward an effective alternative solution to the problem of difficult financing for farmers.Therefore,studying the issue of farmers’ credit constraints in the context of digital finance is conducive to improving the availability of financing for farmers,expanding the scale of farmers’ production and operation,promoting better access to financial services for rural residents,alleviating farmers’ credit constraints by using digital finance in rural areas,and promoting digital finance in rural areas to better serve the "three rural areas".It is of great significance.Based on the above background,a total of 321 valid questionnaires were collected through field visits and research,and the sample data was used as the basis to carry out a study on the influencing factors of credit constraints of farmers in Manas County in the context of digital finance.Firstly,we read and sorted out relevant domestic and international literature studies,and collated and summarised relevant theories on digital finance and farmers’ credit constraints,structured the article,and formulated the research ideas and research methods of this paper.Secondly,using publicly available data and the Digital Inclusive Finance Development Index of Manas County,we analyse the level of economic development,the development of digital finance and the development status of farmer credit in Manas County.Third,through research,the factors influencing the current credit constraints of farmers in Manas County were studied,mainly described in five aspects: the overall characteristics of farmers,farmers’ credit demand and farmers’ access to credit,farmers’ financial literacy,the popularity of digital finance among farmers,and the promotion of digital financial products.Fourthly,the data of the collected samples were summarised and collated,and a binary logistic model was constructed to test the factors that may affect the credit constraints of farmers in Manas County,and the degree of influence of each factor on farmers’ credit constraints was derived,indicating that digital finance can alleviate farmers’ credit constraints by reducing the degree of information asymmetry,improving the accessibility of credit services,controlling households’ credit risks,and reducing the cost of using credit services.credit constraints.Finally,taking into account the development of digital finance in Manas County,farmers’ access to credit and the results of the empirical analysis,countermeasures are proposed to help digital finance and the "three rural areas" in Manas County. |
