Research Of The Restrictive Factors Of Wenzhou Rural Credit In Development Inclusive Finance

At the Third Plenary Session of the 18th CPC Central Committee,the concept of developing Inclusive Finance,encouraging financial innovation and enriching financial market level and products was formally put forward.The main purpose of Inclusive Finance is to provide services for all the financial needs in the society.In response to the call of the government,rural finance,as the center of rural economic development,must accelerate the reform and development of rural financial institutions.Wenzhou rural credit,as a pioneer of promoting Inclusive Finance in Wenzhou,has a good reference for other financial service enterprises to study the development of Inclusive Finance.Based on the research of Inclusive Finance Theory,this paper expounds the relevant financial exclusion theory and rural financial development theory,and collects a large number of real data under the framework of GPFI financial indicators,selects six indicators,and makes a comprehensive statistical analysis of the development of Wenzhou's rural credit Inclusive Finance in 2012-2018.This paper further constructs the inclusive financial evaluation index IFI to evaluate the development level of Wenzhou rural credit Inclusive Finance.Through the analysis of the system culture,supply and demand of Wenzhou rural credit Inclusive Finance,combined with SWOT analysis,the paper makes an overall analysis of the constraints affecting the development of Inclusive Finance.Finally,SPSS is used to analyze the relationship between the inclusive financial development of Wenzhou rural credit cooperatives and various factors,including the proportion of deposits to GDP,the electronic substitution rate,the proportion of population composition and the urbanization rate.Using the conclusions of the above research,combined with the actual cases of Wenzhou rural credit,this paper summarizes the suggestions to promote the development of Wenzhou rural credit Inclusive Finance.