The Measurment And Research Of Inclusive Finance And Its Determinants In Changsha Zhuzhou Xiangtan

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.All the time,it is the important objective for the reform of rural financial services in China to improve the level of financial services and achieve the full coverage of it in areas.So research on the inclusive financial problems of the rural areas in Changsha?Zhuzhou?Xiangtan will not only help to understand the general problems of the development of inclusive financial development,but also provide reference for local financial institutions to develop Inclusive Finance.This text first introduces the basic theory of Inclusive Finance,expounds the relevant concepts of Inclusive Finance.On this basis,the paper describes and analyzes the basic situation of the financial development of Changsha?Zhuzhou and Xiangtan,we can found that the three cities of Changsha,Zhuzhou and Xiangtan within the scope of the county banking institutions to achieve full coverage in the township,the township financial infrastructure to achieve coverage and the level of expansion,the county bank accounts and bank card accounts to be universal.then build the evaluation index system of inclusive financial development level of the three cities of Changsha,Zhuzhou and Xiangtan from the aspects of availability,use and quality of service of Inclusive Finance in three dimensions.According to the TOPSIS method,the paper makes an evaluation on the development level of Inclusive Finance in three cities of Changsha?Zhuzhou?Xiangtan from 2009 to 2014,The inclusive financial development of Changzhutan has achieved a certain degree of development,but in the past two years,the level of financial development is stagnant or even backward situation,and there are significant regional differences.In order to find out the reasons for the difference between the three cities of Changsha,Zhuzhou and Xiangtan.The variable selection choose the comprehensive index of the degree of development of Inclusive Finance for 11 county town that concluded in the TOPSIS method,the independent variables selected per capita GDP,financial discount(including risk compensation),accounting for the proportion of direct financing and other indicators,through the stepwise linear regression model,the specific analysis of each index effect on the level of development of Inclusive Finance,the results show that there is a significant positive correlation between the financial discount(including risk compensation),the improvement of the proportion of direct financing,the total investment in fixed assets of the whole society and the development of inclusive finance.Finally,according to the results of empirical research,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 promote rural economic development,strengthen the degree of marketization and increase the 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.