Research On The Development Level And Influential Factors Of Inclusive Finance In Mengyin County

With the rapid development of society and the financial industry,financial exclusion has been widespread,especially in rural areas.As an inclusive financial service system,Inclusive Finance is essentially providing equal access to financial services for small and micro enterprises,farmers and low-income groups.For the first time,the Third Plenary Session of the 18 th CPC Central Committee promoted inclusive finance to the national strategic level.In 2018,the Central Document No.1 again referred to inclusive finance,and pointed out that the focus of inclusive finance should be placed in rural areas.As a typical mountainous area,with the efforts of the government and financial institutions,it has achieved certain results in the development of inclusive finance and has been selected as the “Integrated Demonstration Zone of Inclusive Finance”.Therefore,this paper studies the development level of inclusive finance in Mengyin County.It can better promote the development of regional inclusive finance and provide certain conditions for other counties to reference.This paper begins with a review of domestic and foreign research on the connotation,measurement and influencing factors of inclusive finance.Secondly,it introduces the connotation,development history,characteristics and inclusive financial related theory of inclusive finance.Then,it first gives an overview of the economic development of the county.Then it analyzes the development of financial industry in the county from four aspects: financial demand,financial supply,financial infrastructure construction,financial consumer rights protection and financial knowledge popularization,and faces the development of inclusive finance from the two levels of government and financial institutions.This paper analyzes the method;again,this paper takes the 2007-2017 data as the research sample,and uses the improved inclusive financial development evaluation index to measure the development level of inclusive finance;once again,through constructing the multiple regression model of the influencing factors of inclusive financial development level,The influencing factors are empirically tested;finally,based on the conclusions drawn from the research,combined with the actual situation,relevant policy recommendations are proposed.Through the research of this paper,the following conclusions are drawn: the demand for inclusive financial needs in the county is increasing and the demand for financial products and services is increasingly diversified,and the demand for agricultural insurance is rising;the main body of inclusive financial services mainly includes banks,local financial organizations and insurance.The company and bank outlets are mostly located in the county;the financial system is developing in a diversified direction and the credit system has been initially established;the protection of financial consumer rights is becoming more and more perfect and the financial knowledge is popularized regularly;the empirical test results indicate the level of economic development.Convenient transportation,Internet penetration rate and government support can significantly promote the development of inclusive finance,and combine the above research conclusions to make recommendations from four aspects: strengthening infrastructure construction,increasing government support,increasing financial innovation,and strengthening financial knowledge.