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The key to rural financial reform lies in innovation
2015 County-level Finance Annual Conference proposes: The key to rural financial reform lies in innovation "County-level economic development cannot be separated from financial support. At present, China's economy is in a critical period of structural adjustment. Traditional industries such as the energy industry and manufacturing are generally plagued by overcapacity, while emerging industries are clearly on the rise. This means that rural financial institutions need to choose the right investment direction and innovate financial products around emerging demand, so as to better guide the development of the rural real economy." At the recently held 2015 China County-level Finance Annual Conference, Feng Haifa, director of the Economic Bureau of the Central Policy Research Office, said.
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How Can the Rural Financial System Be Innovated? Agricultural Insurance Cannot Be Rushed
For China to achieve the grand goal of agricultural modernization, an efficient new-type rural financial system is indispensable. The central government supports the development of new-type rural cooperative financial organizations, and proposes that on the basis of farmers' cooperatives and supply and marketing cooperatives that are democratically managed, standardized in operation, and strong in driving force
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Central Bank's Zhang Jin: Opening Up the "Last Mile" of Rural Finance
Economic Observer reporter Wu Qiaofa. The "last mile" of rural financial services remains to be opened up. Given the production characteristics of rural areas, the funds farmers need often involve problems such as small amounts, high costs, and the lack of effective collateral, which to a certain extent restricts traditional financial institutions from issuing agricultural loans, and the problem of farmers' difficulty in obtaining financing remains prominent.
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Rural inclusive finance welcomes new opportunities in internet development
The internet has already permeated every level of social life and has become an important platform for social, economic and cultural activities and personal life. Although agricultural and rural development should not expect that a single network will solve everything, as the internet gradually permeates agriculture, rural areas and farmers, rural development
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Rural Internet Finance: Openness and Cooperation Lead the Future
Recently, the People's Bank of China and nine other ministries and commissions issued the "Guiding Opinions on Promoting the Healthy Development of Internet Finance" (hereinafter referred to as the "Opinions"). The introduction of the "Opinions" has legitimized Internet finance and also provided a guarantee for its survival of the fittest and innovative development.
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Farmers' entrepreneurship and innovation need strong support from rural finance
Not long ago, the Ministry of Agriculture issued a notice to deploy and implement an action plan to advance farmers' entrepreneurship and innovation. As rural financial institutions, they should actively cooperate with the action plan to advance farmers' entrepreneurship and innovation, fully leverage the "incubation" and "catalysis" functions of rural finance, so that farmers' entrepreneurship and innovation activities can take root and bear abundant fruit.
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"Loan fraud" incident sounds alarm for rural financial security
Many farmers in Tianzhen County, Datong City, Shanxi, discovered that they had inexplicably been saddled with loans that were overdue and unpaid, with the lending bank being the Tianzhen County Rural Credit Cooperative Union. Word of this spread quickly, and many local people, worried that they might suffer the same fate, rushed
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Rural finance: a chicken rib or a blue ocean?
The annual Langzhong ginger harvest has already come to an end, but Wang Shijun, who has been toiling in the ginger purchasing and processing business for many years, is not at peace. This year many banks have tightened their lending windows considerably, and the loan the company needed to purchase ginger had still not been approved. Fortunately
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Why the focus of rural finance is farmers
On July 2, the "Internet Finance and SME Investment and Financing Summit Forum," jointly hosted by the China Banking Association, the China Association of Small and Medium Enterprises, Xinhuanet and others, opened in Beijing. The forum held discussions on regulation and self-discipline in the internet finance sector, industry development trends and other topics
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An Analysis of Two Common Misconceptions About Rural Internet Finance
Whether we accept it or not, internet finance, a new wave born against the backdrop of the information economy, financial repression and interest rate marketization, is rapidly changing the face of China's financial industry. At present, internet finance has already made great contributions to promoting inclusive finance, raising the financing coverage rate of small and micro enterprises
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