Author(s)

Peng Zhang ¹

Affiliation(s)

¹ Economics School, Northwest University of Political Science and Law, Xi'an 710063, China

Corresponding Author

Peng Zhang

ABSTRACT

Remarkable achievements have been made in all fields of society since the founding of the People's Republic of China for 70 years. However, looking back on the development of rural finance in New China, although brilliant achievements have been made under the corg between regions and between urban and rural areas in China still exists and is gradually expanding in some regions, especially in the vast rural areas of China. Under the background of rapid transformation of social and economic development, rural economic resources and elements are all involved in the process of marketization, which is influenced by the national will and development strategy. Moreover, the rural economy has lagged behind the national level in terms of development level and quality due to the long-term restriction of "financial repression", which has also become one of the restricting factors that affect the overall construction of a well-off society, the realization of the goal of poverty alleviation and the rural revitalization. Therefore, only by further encouraging and promoting the development of rural finance can the necessary guarantee be provided for the full realization of the "Two Centenary Goals".

KEYWORDS

Rural finance, Transformation and development, Summary of experience

CITE THIS PAPER

Peng Zhang, Problems and Suggestions on the Current Rural Financial Development in China. Social Security and Administration Management (2022) Vol. 3: 43-48. DOI: http://dx.doi.org/10.23977/socsam.2022.030307.

REFERENCES

[1] Goldsmith, R. Financial Structure and Development. New Haven: Yale University Press, 1969.
[2] Zhu Xiaoping. The Optimal Scale of Rural Commercial Banks. Journal of Financial Research, 2003, 09: 121-129.
[3] Lin Yifu, Sun Xifang, Jiang Ye. Preliminary study on the theory of optimal financial structure in economic development. Economic Research Journal, 2009, 08: 4-17.
[4] Wang Yonglong. An Analysis of the Distribution of Financial Resources and Its Efficiency in Rural Areas in China. Economic Issues in China, 2006, 06: 40-46.
[5] Xie Jiazhi, Ran Guanghe. Path Dependence of Changes of Chinese Rural Financial Institutions. Issues in Agricultural Economy, 2000, 05:26-29.
[6] Zhang Peng. General ideas of rural financial development to promote agricultural modernization. Shanxi Agricultural Economics, 2016 (16): 2.
[7] Zhang Peng, Wang Xin. Innovative development strategy of rural financial services. Public Investment Guide, 2017, 11 (No.295): 48-48.

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