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

Since the Third Plenary Session of the 18th CPC Central Committee,China has attached great importance to the development of inclusive finance and elevated it to a national strategic level.In recent years,under the guidance and promotion of the Party Central Committee and the Fujian Provincial Party Committee of the CPC and Provincial Government,the development of inclusive finance in Fujian has a better trend,but there is still room for improvement in the breadth and depth of inclusive finance.Based on this background,this thesis uses the literature research method,the combination of empirical analysis and normative analysis,the combination of qualitative analysis and quantitative analysis,and comparative analysis to measure the level of inclusive financial development in Fujian and study its influencing factors.The research content of this thesis is mainly divided into four parts:Firstly,this thesis takes the development of inclusive finance at home and abroad as the research basis,summarizes related concepts and existing research results to consolidate the theoretical basis of this thesis.Secondly,this thesis takes nine cities of Fujian Province as research objects,collates relevant data from 2011 to 2017,builds on the principles of feasibility,availability,and other principles and finally constructs an index system for the development of inclusive finance in Fujian Province,and the inclusive financial index calculation method was used to measure the development level of inclusive finance in Fujian Province.Finally,based on the calculation results of the inclusive financial index,this thesis analyzes the level of inclusive financial development in Fujian Province as a whole,nine cities,and two areas of south east of Fujian Province and north west of Fujian.Thirdly,this thesis collates the panel data of nine cities from 2011 to 2017,and analyzes the impacts on the level of inclusive financial development of the regional economic development level,transportation convenience,informatization level,government financial support,financial development efficiency and financial correlation rate.Fourthly,on the basis of theoretical research,current situation analysis and empirical research,this thesis summarizes the conclusions of this study and puts forward relevant policy recommendations.The research results show that:First,the overall level of inclusive finance in Fujian Province has shown a rising trend year by year,and has developed well However,there is an imbalance in the development of inclusive finance in Fujian There are large differences in various cities and areas.Cities and areas with relatively rapid economic development and relatively strong comprehensive strength have relatively high levels of inclusive financial development,otherwise they have relatively low inclusive financial development levels.Second,the level of regional economic development,the convenience of transportation,the level of informatization,the strength of government financial support,and the financial correlation rate all have a significant positive correlation with the level of inclusive financial development in Fujian Province.Third,the efficiency of financial development has not significantly positively affected the level of inclusive finance development in Fujian Province,indicating that for Fujian Province,relying solely on the conversion between deposits and loans cannot promote the development of inclusive finance.On the basis of comprehensive research,this thesis puts forward policy recommendations to promote the development of inclusive finance in Fujian Province:Coordinate Regional Development to Promote Coordinated Development of Inclusive Finance;Increase Financial Supply and Improve the System of Inclusive Financial Institutions;Strengthen Financial Innovation to Enrich Financial Products and Services;Focus on Risk Control to Protect the Rights and Interests of All Parties Involved in Financial Participation;Increase Government Support to Optimize the Foundation for Inclusive Financial Development.