The 13th five-year plan proposed that rural poor people in China’s current standards will lift out of poverty by 2020, and all the poor counties were lifted out of povert'/>
Study on the Sustainable Development of Targeted Poverty Alleviation through Financial Support
style="text-align:justify;"> The 13th five-year plan proposed that rural poor people in China’s current standards will lift out of poverty by 2020, and all the poor counties were lifted out of poverty, addressing regional overall poverty. Since then, China’s poverty alleviation work has been fought in an all-round way. Targeted poverty alleviation is the mode of poverty alleviation that applies scientific and effective procedures to implement precise identification, accurate help, and precise management, aiming at different poverty-stricken farmers and different poverty- stricken areas. Firstly, this paper studies the problems that are prevalent in the process of promoting financial support for targeted poverty alleviation in China, takes Hebei province as an example to analyze the current situation of financial precision poverty alleviation, proposes to vigorously develop inclusive finance in poor areas, and advocates that financial institutions work closely with government departments to improve the effectiveness of anti- poverty work and establish and improve the risk diversification compensation mechanism to promote the sustainable development of financial poverty, as a result to effectively promote the process of targeted poverty alleviation and to achieve the goal of building a moderately prosperous society in all respects by 2020.
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