The Impact of Local Policies on Forestry Financing with the Background of Collective Forest Tenure Reform: Based on a Multi-case Study

Taking collective forest tenure reform as the background, this paper analyzes the difficulties and causes of forestry financing in China, and then uses the method of multi-case study and selects four typical counties, namely Shaxian County of Fujian Province, Suichang County of Zhejiang Province, Peng'an County of Sichuan Province, and Benxi County of Liaoning Province, to explore the local policies of promoting the development of local forestry financing in southeast, southwest and northeast collective forest areas. The results show that the local policies of southeast collective forest region represented by Shaxian County of Fujian Province and Suichang County of Zhejiang Province mainly promote local forestry financing through direct subsidies or creating new financing modes and improving the establishment of socialized service system. The southwest collective forest area represented by Peng'an County of Sichuan Province mainly strengthens the building of forestry finance by improving the system and strengthening cooperation with local financial institutions. The northeast collective forest region represented by Benxi County of Liaoning Province mainly makes up for the weakness of forestry financing by providing preferential loans, discount interest and government insurance. This paper explores the heterogeneity of the policies in different collective forest areas, and puts forward policy implications for different regions and even for the country in guiding the development of forestry financing.