BEIJING, Feb. 12 (Xinhua) -- Related Chinese authorities unveiled a guideline on January 29 in line with China's latest policies on rural revitalization to enhance the role of finance in rural development.
The guideline clarifies both short-term and long-term goals concerning finance in rural China.
To be specific, in the short run, financial support for targeted poverty alleviation should be intensified, related supportive financial resources should be increased, rural financial services should be improved and governance and service ability of related financial institutions should be lifted.
In the long run, financial service market, organization and product systems should be established and completed in China's rural areas, in a bid to build a modern rural financial system and ultimately realize rational and orderly allocation of financial resources as well as equalization of financial services in urban and rural China.
To achieve these goals, principles such as market-oriented operation, institutional reform, policy support and risk control should be followed, the guideline stresses.
According to the guideline, concrete measures should include fostering the application of new technology in rural financial area, enhancing financial infrastructure construction and promoting emerging payment methods such as mobile payment in rural areas, and setting up multi-channel fund supply system by giving full play to the role of financial market involving equity, bonds, futures and insurance, etc.
To ensure effective implementation of related measures, the guideline also proposes to improve related policy system, encourage financial institutions to provide continuous services for rural revitalization and meanwhile carry out corresponding assessment. (Edited by Gu Shanshan)
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