Research On The Measurement And Influencing Factors Of The Development Level Of Inclusive Finance In Henan Province

As the extension and development of micro-credit and mi cro-finance,inclusive finance not only inherits and develops their functions of financial poverty alleviation,what is more important,it goes beyond the services of traditional financial institutions,and Commit to building a inclusive finance system that provides financial services equally for all classes,by deepening the quality of financial services,reduce the cost of financial services,improve the social welfare,rational allocation of social financial resources,let these micro businesses and low-income groups were previously excluded from traditional finance will no longer be marginalized by finance.Although the concept of inclusive finance was introduced late in China,but the state and government attaches great importance to it,In 2013,the third plenary session of the 18th central committee of《the communist party of China adopted the decision of the central committee of the communist party of China on several major issues related to comprehensively deepening reform》,which was first officially proposed to develop inclusive finance in an official document,Encouraging financial innovation,enriching financial market levels and products.The state council issued《the development plan for promoting inclusive finance(2016-2020)》in 2006,it further emphasizes the guidance and support for the development of inclusive finance.In order to respond postively to the national policy,in the reform and development of financial innovation and services,Henan province has been taken a series of measures.But in the process of vigorously deepening reform of the financial system,some hidden disadvantages of the traditional financial system are also increasingly prominent,the financial resources are more likely to be found in economically developed areas of the province and the financial services also tend to favour those with healthy assets,as a result,some relatively backward areas and vulnerable groups cannot have equal access to financial services,this is contrary to the development concept of inclusive finance.As a populous province in the central region,the economic development of Henan province lags far behind the coastal areas,the poverty-stricken area over a broad,the problem of "agriculture,countryside and farmers" is particularly prominent,how to better develop Inclusive Finance and let inclusive finance effectively boost local economic development has great significance.In such a background,this paper measures the development level of Inclusive Finance in Henan Province in recent years and studies the influencing factors in depth.This paper chooses three dimensions,including availability、usage situation and technical support of financial services,According to the characteristics of Henan Province,selecting 10 specific indicators to build inclusive financial indicators system.adopting the internationally authoritative inclusive financial measurement method--IFI index method,from longitudinal measureing the inclusive financial development index of Henan Province from 2006 to 2016,and making a parallel comparison to the Development Level of Inclusive Finance in Henan Province from 2006 to 2016..Demonstration Test on the influencing factors of Inclusive Finance in Henan Province by regression mode,founding that economic development level、educational level、informatization level、urbanization rate and the degree of government participation have a positive impact on the development of Inclusive Finance in Henan Province,the income gap between urban and rural areas is negatively correlated with the development of Inclusive Finance in Henan Province.In order to improve the overall level of Inclusive Finance in Henan Province,according to the result of influencing factors by demonstration test,putting forward some feasible policy suggestions.