Empirical Study On Development Of Financial Inclusion In China

Financial Inclusion refers:Under sustainable operating conditions,undeveloped areas,small enterprises,agriculture,the countryside,farmers and low-income people,those used to refused by traditional finance,would benefit from Financial Inclusion.Therefore,financial resources would keep balanced between regions,industries,stratum,the city and the countryside.At present,small enterprises beset by financing difficulties and financing expensive,agriculture,financial resources for agriculture,the countryside and farmers is in short supply in China.So,it has a great significance to develop Financial Inclusion.Therefore,this paper research Financial Inclusion for seeking out factors which effect development of Financial Inclusion in China.Further,offering well-directed suggestions to improve Financial Inclusion system and achieve targets of Financial Inclusion.This paper combs papers about measuring the degree of Financial Inclusion and influencing factors of Financial Inclusion,sorted out achievements、gap and deficiency at home and abroad.On this basis,figuring the situation of Financial Inclusion out of 31provinces(municipality)in China between 2007 and 2015.And making an empirical study on influencing factors of regional development of Financial Inclusion in China.In the process of building Financial Inclusion system,there is much great experience worth learning in both developing countries and developed countries.It finds that,the degree of Financial Inclusion is getting better,though it is not great,unbalanced and not comprehensive.As shown in the empirical study,factors of industry and society make great influence on the degree of Financial Inclusion,and taking solutions about developing Financial Inclusion in China on this base.In order to achieving the target of Financial Inclusion,we should work hard to construct Financial Inclusion system,guide competition between financial institution in order,encourage innovation of financial production,improve financial infrastructure and financial environment,protect rights of financial customer,using both monetary policy tools and fiscal policy tools.