Research On The Development Level Of Inclusive Finance In Yunnan Province

In 2005,the United Nations first proposed the concept of inclusive finance at the annual microfinance conference.Inclusive finance was derived from the concept of microfinance.That is the further development and extension of microfinance.The main purpose is to provide financial services to all groups fairly,improve the quality of financial services and reduce service costs,at the same time,improve social welfare and optimize the allocation of financial resources.Once this concept was put forward,it attracted the attention of governments and scholars.China's research on inclusive finance was later than other countries,but the research momentum in recent years has been rapid.In 2013,at the Third Plenary Session of the 18 th CPC Central Committee,it was officially proposed that China should actively develop inclusive finance,expenditure financial reform and innovation as the development direction,which open a new stage of China's inclusive financial development.In recent years,Yunnan Province has responded positively to the State Council's development of inclusive finance and has achieved a series of achievements.However,in the process of financial reform,financial resources are increasingly inclined to high-economic development areas,financial services and products are more inclined to invest in high-income groups,and financial system issues are increasingly prominent.As a multi-ethnic province,the economic development of Yunnan Province is relatively lagging.Therefore,studying the issue of inclusive finance in Yunnan Province is of great significance for promoting the harmonious and sustainable development of Yunnan Province.It can be seen from the longitudinal measurement results that the level of inclusive finance in Yunnan Province is developing in fluctuations and the overall trend is on the rise.Through empirical analysis,it is found that there is a significant positive correlation between the development level of inclusive finance and rural income level,urbanization rate and education expenditure level;and there is a negative correlation with government support and Internet coverage.