Empirical Analysis of Rural Finance and Rural Economy in Heilongjiang Province

Rural finance has played a crucial role in the rural economy. Heilongjiang Province as a big agricultural province, in which rural finance is not well developed. The empirical analysis suggests that the low level of rural finance in Heilongjiang province can not have a strong support on the rural economy, which shows the financial supply shortage. However, the rural economic development is the Granger causes of rural finance. It means rural economy development can boost the rural finance in Heilongjiang Province, but the contrary is not obvious, and there is not a distinct interaction mechanism. Therefore, it needs to further improve the rural financial system and promote the level of financial development so as to better services for the rural economy in Heilongjiang Province.