Study On The Influencing Factors And Povertyreduction Effects Of Inclusive Financial Development In China

Finance is important for a country’s economic development,and its development level and standardization are crucial to the economic growth of the country and region.Overall,the development of financial industry in our country present a blowout,but because of the financial sector of relevant laws and regulations is not perfect,the financial resource distribution is unequal,financial quality and the specification of the national overall consciousness,and the development of China’s financial industry presents the dualistic structure between urban and rural areas.Under this pattern,the financial resources to the city,large and rich population concentration,while poverty group in rural areas and become the object of exclusive financial elements,to some extent this led to our country urban and rural areas,between different groups,widening income gap between the polarization phenomenon is prominent.The poor of financial resources is one of the important factor for the slowly of regional economics’ growth,and urban and rural dual structure in the financial situation also has a tendency to a vicious cycle,thus greatly hindered the balanced development of economy and society in our country.Under this background,the inclusive finance,as a kind of tool which can provide effective financial services for all social strata and groups,its innovative idea and broad prospects for development is gaining more and more attention.Therefore,it is an important way to solve the gap between rich and poor and to overcome the dualistic layout of urban and rural areas.This paper studies the inclusive financial development present situation and the development of foreign inclusive financial experience,from inclusive financial theory and empirical analysis on development to weaken the effect and mechanism of poverty and the formation of the poverty reduction effect,and then puts forward the helps to reduce poverty inclusive financial system and development countermeasures.First of all,we reviews the domestic and foreign scholars about the poverty theory,financial development and poverty to slow the progress of the relationship between system,stating the concept of inclusive finance,development stage,influencing factors and service goals and objects and related theory in detail,from which to explore the development regularity of inclusive finance and its impact on poverty reduction,providing theoretical basis for the research of subsequent related issues.Secondly,we state the development course of inclusive financial in China,specifically describes three stages,and summarizes the characteristics of inclusive financial development in our country,and then make an empirical test to verify thus physical truth.From our research that,inclusive finance effect on poverty reduction effect should emphasize the implementation of the inclusive finance subject,way of implementation and the implementation of the inclusive finance goal.We then analyze the related factors influencing the inclusive finance development degree,construct an inclusive finance development evaluation index system,on this basis,starting from the actual design inclusive finance development index,and according to our country’s panel data to inclusive finance index to measure financial development in our country,analyzing the related factors of inclusive the impact of financial development,to later put forward countermeasures and suggestions on developing inclusive finance,poverty reduction to make preliminary preparation.Studies show that from a financial services,to the difficulty of the residents’ use of financial services and financial services,the quality of three dimensions,based on poverty reduction effect of inclusive finance index,to a certain extent,reflects the inclusive the level of financial development in our country and there was a positive relationship between poor benefit.Fatherly,we discuss the basis of the economic foundation for the poverty reduction of inclusive finance in theory.Then we use the VAR model to makes an empirical analysis of the effect of the poverty reduction from inclusive finance.Results show that inclusive finance can help poor people out of poverty to a certain extent;its development degree has obvious effects of poverty reduction,to verify the theory viewpoint of this article.Inclusive finance’s development level is different due to different provinces,inclusive finance poverty reduction in the marginal effect is also different,and so the countermeasures in the development of inclusive finance poverty reduction should also reflect differences in implementation.However,we need more development experience abroad to understand the role,mechanism and practice of the inclusive finance poverty reduction.In this paper,we choose a number of developing countries and some developed countries inclusive finance development model and poverty reduction focuses on the practical experience at the same time,thus for our country inclusive finance development and poverty reduction mode innovation put forward four advice,and provide practical support for the following policy recommendations put forward.Finally,on the basis of inclusive finance poverty reduction according to the theory of analysis,based on the empirical research of inclusive finance poverty alleviation in China,and draw lessons from inclusive finance from typical countries in the world the successful experience of financial poverty reduction,we from the rural formal financial organization system construction,small loans company standardization development,construction of village Banks and rural capital construction,Internet financial development in five aspects,such as a support expounds the detailed methods of inclusive finance poverty reduction,and put forward the building from the macro level the inclusive finance policy Suggestions of the financial system.Only the parties to the financial institutions to actively participate in,play advantage,to provide comprehensive services,improve the service way,as far as possible meet the reasonable requirements of different areas,enterprises and residents,to build a high level of inclusive financial system,realizing the sustainable development of financial industry in our country poverty alleviation.