Financial Development And Social Justice

Along with further performance of reform and opening policy, our economics boast a high speed of growth. However, the corresponding income disparity follows. Under the industrious study on papers related to income distribution, this paper put more stress on the relationship between development of finance and social justice–even social welfare. We find out that the volume of credit and loan fails to improve social justice. Furthermore, financial deepening, to some extent,aggravate the social injustice. Meanwhile the development of stock market show little influence on social justice and the increase of loan for private person will contract narrow those social gaps. From our study ,we can get some conclusion as follows: in order to increase social justice in china ,we should loosen our financial control,change our financial system which is dominated by government into a service-oriented one with equally financial opportunity. We must increase our consciousness in financial service and also our initiatives. Sustainable profit-earning model can be achieved by taking advantage of financial resources to improve economic efficiency and social justice.