Research On The Measurement Of Inclusive Financial Development And Its Influencing Factors From The Perspective Of Internet Finance

Inclusive finance is a concept proposed by the United Nations in 2005 to provide financial services to groups with financial needs,include small and micro enterprises,farmers,and low-income urban groups.It is very important in reducing poverty and achieving inclusive growth.From a global perspective,some countries have begun to promote inclusive finance as a national development strategy.Some international organizations such as the G20,AFI and World Bank have reached consensus on the inclusive financial cooperation.In the Third Plenary Session of the 18 th Central Committee in 2013,China officially proposed the goal of developing inclusive finance.The “Promoting Inclusive Financial Development Plan(2016-2020)” released in 2016 can be regarded as the starting point of China's inclusive finance development.With the continuous improvement and upgrading of Internet facilities,the number of Internet users in China has exceeded 800 million.At the same time,Internet finance has also ushered in rapid development,and the scale of third-party payment,P2 P online lending,Internet insurance,and Internet wealth management transactions has continued to expand.Internet finance and inclusive finance are coupling.In other words,Internet finance is inclusive itself.Internet finance has the characteristics of wide coverage,low transaction costs,and high transaction efficiency.Those places that cannot be served by traditional finance can be served by Internet finance.Against this background,“Digital Inclusive Finance” was brought up in G20 summit in Hang Zhou.Therefore,the study of inclusive finance should not be limited in the framework of traditional finance.How to measure the development of inclusive finance under the background of internet finance,and what are the influencing factors of inclusive finance are discussed in this thesis.Firstly,this thesis explores the inclusion and background of inclusive finance,and the connection between the internet finance and inclusive finance and then studies the research and related theories of inclusive finance,internet finance and the relationship between the two.Then,from the dimensions of availability and the use of inclusive finance,12 factors are chosen to measure the development of inclusive finance in various provinces and cities in China from the perspective of internet finance.This thesis established the inclusive financial development index of china 2012-2016 which shows that the inclusive finance is developing rapidly in China,but the level of development in each area is different.Based on the index,this thesis uses the dynamic panel model to study the factors affecting the development level of inclusive finance.The 2012-2016 Inclusive Financial Development Index are used as the explanatory variable.This thesis concludes that the inclusive financial development index itself,the Internet penetration rate,the average years of schooling of the residents,the population density,and the per capita GDP of each province have a significant impact on the development of inclusive finance.Finally,based on the descriptive statistics of the Inclusive Financial Development Index and the results of empirical analysis.This thesis suggest that the government should improve the development environment of inclusive finance,enhance the commercial sustainability of inclusive finance,and improve supervision over inclusive finance.