Study Of The Development Level Of Inclusive Finance In China

Financial activity is the core of economic operation.A sound financial system and a stable financial environment is the basic guarantee of economic development.While,exclusion and the dual structure of the traditional financial make the low-income groups cannot obtain the required financial services from the formal financial institutions.The shortage of funds is the restricting factors of the poor and the development of microenterprises.The concept of Inclusive Finance is proposed in 2005 by the United Nations in the "national year of microcredit" meeting.Actually,the idea of Inclusive Finance arises from 15 Century.The practical process of Inclusive Finance has gone through the stage of microcredit,micro-finance and financial inclusion phase.Financial services also change from simplex charitable microfinance business to diversified financial service systemincluding transfers,payments and insurance.Microcredit mainly provides the poor small loan.The disadvantage of microcredit is that its funds mainly rely on funding from the government and other enterprises and its service content is simplex.Micro-finance can provide the diversified financial service content which is different from microcredit,but the problem of sustainable development of financial institution is still not solved.Inclusive finance is not only stress financial services availability and fairness,but also emphasizes the sustainable development of financial institutions.Its aim is to provide all the people their required financial service with profit price.Promote the development of Inclusive Finance is good to the balanced development of finance,so as to promote economic development.With the development of China's financial system,how to promote the development of Inclusive Finance has become a concern.As the development of economy of our country,the development of Inclusive Finance has increasingly become the focus of attention.So it is necessary to study the development of inclusive finance of our country.In the first chapter,the article describes the background of the research,and summarizes the relevant theory and research results from the perspective of the literature.Chapter 2 respectively from three aspects including inclusive financial services demand,inclusive financial services providers and regulators elaborated the connotation of Inclusive Finance.It also combs the development stage of Inclusive finance to develop a deep and comprehensive acknowledge of inclusive finance and theoretical basis for the measure of our inclusive financial development level and influencing factors.Chapter 3 build an inclusive financial index based on the connotation of financial inclusion,relevant data and select related indicators.Building the inclusive financial index also use the variation coefficient weight method to determine the weight of each index.The paper builds the inclusive financial index to measure the development of inclusive financial of our country.It also tries to analyze the change trend of China's financial inclusion from two aspects of supply and demand.This chapter also selected some indicators to compare and analyze the current situation of the development of Inclusive Finance in China and the United States.Chapter 4 analyze the development of Inclusive Finance in the East,Central and west regions of China,and analyze the differences and the main factors that cause the difference between the development of Inclusive Finance in China.The main conclusions of this paper are summarized in chapter 4 and some suggestions are put forward.Through the above research,this paper draws the following conclusions: on the one hand,the overall point of view,China's inclusive financial index continued to increase,but the growth rate has slowed down,and the supply and demand of Inclusive Finance mismatch.On the other hand,China's eastern and western regions of the development of inclusive financial development is not balanced,the eastern part of the higher level of financial development,the western region is relatively backward.In addition,this paper also analyzes the impact of the level of financial inclusion on rural residents' income,and found that the development of Inclusive Finance has a significant positive correlation with the development of rural residents.