Climate change affects the stability of the rural financial system. This paper uses the multi-agent model to deduce the impact mechanism of climate change on the credit risk of rural financial institutions, and conducts a series of empirical tests. The results show that: (i) climate change has an adverse impact on the credit risk of rural financial institutions. (ii) agricultural insurance shows a threshold effect in the process of climate change affecting the credit risk of rural financial institutions. (iii) high-level agricultural insurance can mitigate the adverse impact of climate change on the credit risk of rural financial institutions. It reveals that the agricultural insurance is a crucial policy for taking precautions.

气候变化影响农村金融体系的稳定性。本文利用多主体模型推导了气候变化对农村金融机构信用风险的影响机制，并进行了一系列实证检验。研究结果表明：（一）气候变化对农村金融机构信用风险产生不利影响。（二）农业保险在气候变化影响农村金融机构信用风险的过程中表现出门槛效应。（三）高水平农业保险可以缓解气候变化对农村金融机构信用风险的不利影响。由此可见，农业保险是未雨绸缪的重要政策。