An Empirical Study On The Measurement And Influencing Factors Of Inclusive Finance In China

Inclusive finance refers to a variety of ways to make all the required financial services groups have access to the services they need. Especially those who can not be considered equitable access to financial products and services in low-income social strata and vulnerable groups. Now there are many people still have not open a bank account in China. This suggests that the existing financial system have more disadvantages.Inclusive financial system overcome the shortcomings of the financial system, mainly in order to deal with rural areas and small and medium enterprises in the financial support issues. By providing various financial services to vulnerable groups, promote equitable social development. Therefore, this article choose to research inclusive finance,recognizing the degree of development and regional characteristics of inclusive finance,which has far-reaching significance for the development of inclusive finance.The first chapter of introduction,presented the background of the article, presented the background of the article, Followed analyze the significance of inclusive finance development. At last, Combing the results of domestic and foreign scholars in the study of the level of development and inclusive financial impact of factors,proposed innovations and shortcomings.The second chapter describes two concepts of the financial Exclusion and Inclusive finance, recognizing that they are relative. Then it introduced the four aspects of today’s financial system, theoretically analyzes the factors affecting the level of development of inclusive finance. The third chapter is the status of the development of China’s financial inclusion, including the demand side, the supply side,the financial status of the four aspects of infrastructure and policy analysis. Then,combining the study of domestic and foreign scholars, I selected a number of effective indicators build inclusive financial analysis of the level of development of the evaluation system in the fourth chapter finally. These indicators include: the balance of loans from financial institutions, insurance penetration, financial outlets per capita indicators,insurance density, per capita indicators of financial professionals, small company loan balance and the like. Then use the 2014 financial data of China’s 31 provinces, according to the factor analysis of the degree of development of inclusive finance 31 provinces weremeasured and compared. The empirical results show that the inclusive financial development level of China’s 31 provinces and municipalities is generally low in the present stage. And the degree of development of the eastern coastal areas faster than the central and western. The fifth chapter choose the degree of development of inclusive financial index obtained in last chapter as the dependent variable, select the per capita net income of rural residents, urbanization rate, urban-rural income gap and other indicators as independent variables. Detailed analysis of the impact of each index on the degree of development of inclusive finance through multiple linear regression model. Thus propose targeted advice for the promotion of inclusive finance for development.Finally, according to the results of empirical research, summarize the whole article.Combined with the problem of inclusive finance development, clear the different responsibilities of governments, financial institutions and different terms of reference for residents and SMEs. That the government should focus on increasing farmers’ income,increase the popularity of the Internet and universal education. For Financial institutions,on one hand, they should increase infrastructure construction and increase the network layout in rural areas; on second hand, they should take advantage of innovation to increasing the attractive of residents for financial products and services; Residents and SMEs should enhance the financial capacity to participate in of themselves and strengthen credit awareness.