Research On The Impact Of Financial Technology On The Allocation Efficency Of Credict Resources In Rural Financial Institutions

At present,technology companies rely on the underlying technological advantages to penetrate into the financial field.With the sinking of credit business of large and medium-sized commercial banks simultaneously,the homogeneity of financial market services and products is serious,and the deepening of financial supply-side reform is imminent.The deep integration of finance and technology has reshaped the traditional financial system and effectively helped rural financial institutions to transform and upgrade.Facing the problems of biased mismatch,low benefit and high risk in the allocation of rural credit resources in China,financial technology has opened up a new perspective for the sustainable development of rural financial institutions.By absorbing and internalizing the power of financial technology effectively,rural financial institutions continue to improve the allocation efficiency of rural credit resources,which will be the key to alleviating the financing difficulties of agricultural-related groups,activating high-quality agricultural industries,and promoting the comprehensive development of rural revitalization.Based on the status quo of the allocation of rural credit resources in China,combined with the inherent contradiction of rural financial institutions shouldering dual missions,this paper systematically analyzes the impact mechanism of financial technology on the allocation efficiency of credit resources of rural financial institutions,and specifically expounded the three enabling channels of financial technology to expand the credit inclusive system,promote the innovation and management of credit business,and prevent and control credit risks.Then based on the mechanism analysis,this paper measures the credit resource allocation efficiency of 60 rural commercial banks from 2016 to 2020 through the DEA model,and uses the fixed effect model to perform multiple regression.Empirical analysis shows that China rural financial institutions credit resource allocation efficiency has not yet reached the state of efficient allocation,and shows a slight fluctuation,and the credit allocation efficiency of central and southern regions and unlisted rural financial institutions is relatively better.Second,financial technology has had a positive impact on the efficiency of credit resource allocation in rural financial institutions,but it presents certain contradictions.The breadth of financial technology coverage and the degree of digitization have a strong positive effect on the efficient allocation of credit resources in rural financial institutions.Since the development and application of financial technology in rural financial institutions is still in its infancy and has a certain lag,the promotion effect needs to be further improvement;and the depth of the use of financial technology inversely weakens the relative allocation of credit resources of rural financial institutions.Further analysis found that the promotion of financial technology digitalization by rural financial institutions in the eastern region has a significant effect on the efficient allocation of credit resources,while the expansion of financial technology coverage in non-eastern regions has a more obvious effect on improving the efficiency of credit resource allocation for local rural financial institutions.Therefore,in order to realize the effective empowerment of financial technology,rural financial institutions need to develop financial technology according to local conditions,actively cultivate compound talents,improve the smart credit business management system,and build a new sharing ecology under the dual insurance of data security,so as to realize the efficient allocation of credit resources.