Constraints, Prospects and Operation Promotion of China’s Growth Chain Finance Development
LU Min-feng1, GE He-ping2
1.Research Center for China’s Regional Finance, Nanjing University of Finance, Nanjing, Jiangsu, 210005; 2. College of Economics and Management, Nanjing University of Information Science and Technology, Nanjing, Jiangsu, 210044
Abstract：As China’s financial reform has been deepened and broadened, urban and rural residents have increasingly diverse and personalized demand for financial services. As a form of finance innovation, the growth chain finance adapts well to China’s social and economic development and shows great potential for advancement. However,it is currently only a financial service concept which needs to be popularized in practice. Our study shows there is a long-term stable equilibrium relationship between the credit scale, disposable income, consumption level and population size of Chinese residents. Among them, the increase in per capita disposable income of China’s residents has the biggest impact on credit expansion. The increase of disposable personal income and population has a stimulating effect on credit scale. But China’s credit scale has both positive and negative impact upon itself. In the process of operation promotion, as a form of finance innovation, the growth chain finance takes Internet financial model, constructs standardized and authoritative credit system, and implements diverse operating strategies, which helps the sustainable, quick and healthy development of the growth chain finance.
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2016, Vol. 33 
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