Research On The Development Of Inclusive Financial Business Of J Bank G Branch

At present,there are financing difficulties and high costs for small and medium-sized enterprises all over the world.The problem of small and medium-sized enterprises has affected the development of national innovation and entrepreneurship.As a rapidly developing country,China has also deeply recognized this problem and incorporated the “development of Inclusive Finance” into the national reform strategy in 2013.Commercial banks with different strategic positioning make development plans for inclusive business according to their own systems and mechanisms.According to the research findings of the research group of the central bank,after several years of inclusive business development,the channels and conditions for domestic small and medium-sized enterprises to obtain financing from financial institutions have been widely higher than the world average.However,in terms of the goal of common prosperity,there is an urgent need to solve serious structural problems and potential risk sharing institutions of Inclusive Finance.The impact of the COVID-19 in 2019 on the world first affected the production,operation and survival of vulnerable small,medium and micro enterprises,further intensified the contradiction between the financial supply and demand,and the financing situation evolved from a mild development to a severe situation.The level of economic development in the eastern,central and western regions of China is uneven.When comparing and analyzing the development data of various regions,researchers found that,relatively speaking,households in the western region benefit more from inclusive finance.The popularization of Inclusive Finance in the western region will significantly reduce the household asset liability ratio in the western region compared with the central and eastern regions,proving that Inclusive Finance has a stronger mitigation of financial risks for households in the western region.This paper mainly analyzes the inclusive financial business of J bank g branch,a state-owned commercial bank,to understand the presentation of inclusive business of local branches in the central and western regions.Focusing on the goal of inclusive development,G branch of bank J cooperates with local rural credit institutions to promote inclusive business externally through the connection between banks,government and enterprises.Internally,it enriches the means and ways of inclusive financial services by improving the financial product system and the layout of institutional outlets.At the same time,the branch internally adopts a number of incentive measures such as the reform of the business department,indicator assessment,incentive policy,risk compensation,etc,Guided all branches to firmly implement the inclusive financial development goals in business development,better implemented national policies and requirements,and made great contributions to the development of local inclusive business.After several years of development,the main indicators of inclusive small and micro loans of bank J G branch have reached the regulatory objectives.However,with the changing market environment,inter-bank incentive competition and the continuous updating of regulatory requirements,compared with the requirements for the sustainable and healthy development of inclusive business,the disadvantages of Inclusive Financial business of bank J G branch are still obvious,mainly for the low proportion of online business and the low utilization rate of digital Inclusive Finance,The inclusive loan business is still unable to achieve low-cost and high-quality lending,and can not get rid of the restrictions of personnel and outlets.It still uses the traditional mode of offline credit,and faces high risk control costs and overdue risks,which makes the state-owned commercial banks have no incentive to carry out inclusive loan business.In the long run,the state-owned commercial banks face heavy policy pressure,huge risks and unprofitable profits,It will inevitably lead to the deformation of actions and the failure of healthy and sustainable development;As for the lack of financial innovation in the characteristic industries in the central and western regions,the sustainability of digital Inclusive Finance is low.At present,the inclusive products of bank J G branch mainly include online industrial chain financing,inclusive e-Loan,Xingnong e-Loan,and offline personal operating loan,shop mortgage,forfaiting,factoring,and general small enterprise flow loan.All of them are based on inclusive products to expand the audience of customers,although they can mostly meet the needs of current inclusive customers,However,in order to broaden the inclusive business scope and continuously improve the inclusive business volume,it is necessary to strengthen the linkage between banks,governments and enterprises,increase the pace of digital financial reform and launch inclusive financial innovative products according to regional industrial characteristics;Due to the insufficient strength of Pratt & Whitney team,it is difficult to obtain Pratt & Whitney customers,the growth is slow,and the coverage of Pratt & Whitney needs to be further improved.In view of these problems in the development of inclusive financial business of bank J G branch,this paper puts forward some countermeasures,such as strengthening the publicity of inclusive online business,promoting financial innovative products such as project system and industrial chain,strengthening the training and learning exchange of inclusive practical experience,hoping to provide new ideas for Bank J G branch to explore the road of developing inclusive financial business.