Research On The Measurement And Influence Factors Of The Development Level Of Inclusive Finance In Sichuan Province

Inclusive finance,also known as inclusive finance,means that financial institutions provide financial services and products to different groups of society without discrimination,so that the market vulnerable groups once excluded by finance can also enjoy the convenience of financial services.With the rapid development of China's economy,a series of structural problems have come up one after another in society,including the dual structure of urban and rural areas,the difference between rich and poor in cities,etc.This kind of problem has formed a phenomenon of Financial Exclusion in the financial field,which is extremely unfavorable for China to optimize its economic structure and promote the coordinated development of various regions.The sustainable development of Inclusive Finance is an important way to solve this problem.Since the concept of Inclusive Finance was put forward by the United Nations in 2005,China has actively explored the development path of Inclusive Finance in China.In 2016,the State Council promulgated the "Promotion of Inclusive Finance Development Plan(2016-2020)",which defined the concept of Inclusive Finance from the national level for the first time,and China's inclusive finance.The development of finance has been carefully laid out.Sichuan Province is located in the central part of China and belongs to a typical agricultural province.Due to historical and geographical reasons,the economic level and growth rate of Sichuan Province are always on the upper middle level in China.Chengdu is the financial center of the western part of China.However,there are also problems of disharmony in regional economic development in Sichuan Province.In addition to Chengdu,other regions,especially county areas,lack of infrastructure construction,outdated facilities,and lack of core competitiveness.At the same time,Chengdu has a strong financial industry and strong financial support for the development of backward areas.Under this background,this paper studies the level of inclusive financial development and its influencing factors in the major cities ofSichuan Province,which is of great significance to achieve coordinated development of the region and narrow the economic gap between regions.The first research focus of this paper is to measure the development level of Inclusive Finance in Sichuan Province.By referring to a large number of relevant documents and combining with the historical characteristics of inclusive financial development in Sichuan Province,this paper constructs an index system consisting of three dimensions: availability of inclusive financial services,usage of inclusive financial services,and depth of inclusive financial development.The system can be used to measure inclusive financial development in Sichuan Province as a whole and in major cities.Through the horizontal and vertical comparative analysis of financial development level,it is found that the overall growth of inclusive financial services in Sichuan Province has been stable,but the development of inclusive financial development depth is relatively slow.At the same time,there is a big gap between other major cities in Sichuan and Chengdu in the level of inclusive financial development.The second research focus of this paper is to empirically analyze the influencing factors of the development level of Inclusive Finance in Sichuan Province.This paper collates the panel data of 18 major cities in Sichuan Province from 2006 to 2017.Through panel multivariate regression,this paper analyses the impact of five factors,including urbanization development level,people's financial consciousness level,technological renewal intensity,regional economic development level and total public service input,on the development level of inclusive finance.Consciousness level has the most significant impact on the development of inclusive finance,followed by urbanization and regional economic development level,and finally the intensity of technological renewal.According to the results of measurement and empirical analysis,this paper finally puts forward countermeasures and suggestions to promote the development of Inclusive Finance in Sichuan Province from three aspects: strengthening the construction of environmental inclusive finance,improving the level of inclusive financial supply and improving the efficiency of inclusive financial services.This paper makes the results more detailed through the innovation of the measurement index system,and then makes an empirical analysis of the factors affecting the Inclusive Finance in Sichuan Province,which complements and develops the research on the Inclusive Finance in Sichuan Province.