Research On Development Of Inclusive Finance In Bank Of China Of Shaanxi Branch

The United Nations defines financial inclusion as a financial system that can effectively and comprehensively serve all segments and groups of society.The intent of Inclusive Finance is to emphasize the continuous improvement of financial infrastructure to improve the availability of financial services and to provide more convenient financial services to people from all walks of life,especially in less developed areas and low-income people.China's current inclusive financial practice shows a strong correlation with innovative digital finance.Chinese commercial banks should target low-income groups and vulnerable groups as service expansion targets,and reduce the cost of financial service products through information technology and product innovation.To expand the coverage of financial services and achieve a win-win situation for institutions and customers.The research subject of this paper,Bank of China of Shaanxi Branch,established the Inclusive Finance Committee in 2017,and established the Inclusive Finance Business Division on the basis of the original establishment of the Small and Medium Enterprise Department,and deployed professionals to promote business management.This article starts with the current development status of China's inclusive finance,and summarizes the relevant policies for the development of inclusive finance in China by using the literature review method.This paper uses the Digital Inclusive Finance Index Method of Peking University to calculate the Digital Inclusive Finance Index in Shaanxi Province,and analyzes the geographical background of the development of inclusive finance in the Shaanxi Branch of Bank of China.Finally,the case analysis method is used to compare the excellent inclusive financial cases at home and abroad with the development status of inclusive finance of the Bank of China of Shaanxi Branch from the four modules of organizational structure,product innovation,institutional model and risk management.In the end,the problemsexisting in the development of inclusive finance of Bank of China of Shaanxi Branch were concluded,and the causes were analyzed one by one and the countermeasures for solving the problems were put forward.The development of inclusive finance for Bank of China of Shaanxi Branch has a comprehensive interpretation from large to small and from outside to inside.The research in this article will help the Bank of China of Shaanxi Branch to improve the development status of inclusive finance and solve many problems,such as incomplete organizational structure,high degree of product innovation and homogeneity,high operating cost of inclusive finance loan business,consumer finance Lack of knowledge,high inclusive financial risks,and incomplete financial regulatory measures.At the same time,it can help companies solve the difficult and expensive financing issues.Serve the development of inclusive finance in Shaanxi Province with practical actions to promote inclusive growth.