Financial Exclusion Measure In County Level And Influence Factors Analysis

As the reform of China’s financial markets is being into the difficulty area, financial exclusion for vulnerable groups in obtaining financial resources becomes more and more obvious. Released at the fifth plenary session of the 18th CPC Central Committee, the suggestion of 13th five-year plan for national economic and social development also put forward:Speed up the reform of financial system. Improve the efficiency of financial services entity economy. Improve the cooperative and complementary system including commercial finance, developmental finance, policy finance, cooperative finance. Build a bank organization system with multi-level and wide coverage. Encourage private capital invest the banking sector. Develop inclusive finance, which focuses on strengthening the micro and small enterprises, especially the financial services of rural poor areas. In this background, we take Jiangsu province as an example, and explore the influence of financial exclusion to the financial market from the county scale. There will also be certain reference significance in the country.According to the research of this paper, we found that the financial exclusion hindered the vulnerable groups in the county territory economy to obtain financial resources, and this phenomenon is more obvious in backward areas. Taking Jiangsu province as an example, after using assessment system with thresholds we found that in 2001 and 2010, financial exclusion areas always distribute in North Jiangsu.In this paper, with the use of empirical research I explore the influence factors of differences in financial exclude county, regional economic development gap, informationization level and by education level difference, the difference of geographical location and other factors are main causes of the financial exclusion. What’s more, Promote regional economic development, continue to develop the micro finance and strengthen government guide are effective measures to reduce the level of financial exclusion. On this basis, this article put forward that promote regional economic development, speed up the financial infrastructure construction, improve the level of residents affected by education and strengthen government guide will reduce financial exclusions.Because in the research process, this paper mostly consult researches in developed countries and provinces to determine the financial exclusion system. So, it may not be enough to fully reflect the situation of county area. In addition, due to the lack of data, this paper determined the time section number insufficient, and selection of indicators in reflecting the problem of financial exclusion is also not sufficient, so the analysis of the one-sided and limitations is inevitable. In the context of China’s current economic and social development situation, how to decline the financial exclusion phenomenon of county area is still a difficult problem. As a result,establish a perfect financial system is a system at the county level will slow the process of financial exclusion.