The Theoretical Logic and Implementation Mechanism of Fiscal and Financial Synergy Support for the Development of Village-level Collective Economy:Based on the Case Study of "Xingcun Easy-loan" in Xinghua,Jiangsu Province
Fiscal and financial synergy support is of great significance for revitalizing rural collective assets and developing village-level collective economy.This study constructs a theoretical a-nalysis framework of fiscal and financial synergy supporting the development of village-level collective economy,and explores the implementation mechanism of fiscal and financial synergy supporting the de-velopment of village-level collective economy based on the case of"Xingcun Easy-loan"in Xinghua,Jiangsu.Research shows that:First,resource vigilance is a prerequisite for achieving moderate improve-ment for village-level collective economy,so the collaborative support of fiscal and finance has become the key to promote the development of village-level collective economy.Second,fiscal funds can play a guiding role in broadening the boundaries of financial services by bearing"pioneering cost",improving risk sharing and compensation mechanisms to reduce the risk of bank credit,and leveraging financial forces to boost the development of village-level collective economy.Third,financial institutions such as banks can utilize decentralized knowledge to solve the fragmentation of financial information in rural ar-eas,while reducing the degree of information asymmetry and laying the foundation for financial innova-tion.Fourth,banks and other financial institutions should innovate financial products and services based on local economic conditions,create a differentiated and distinctive product system,inject financial funds into the development of village collective resources,and increase their income.
Village-level collective economyFiscal and financial synergyModerate improve-mentRisk sharing and compensationFinancial innovation