The Regional Differences Of Inclusive Financial Growth Level In China And Its Causes Research

Since the idea of “Inclusive finance” was first put forward by the United Nations in 2005,“Inclusive finance” has gradually become the focus of global attention and research.Our country follows the trend of the times,2013 will be included in its development strategy.However,given the fact that different regions of our country differ in terms of resources,education,economy and so on,there may also be regional differences in Inclusive s level of financial development,whether and to what extent these differences exist are the questions to be studied in this paper.Besides,by combing the existing literature,it is found that there are few studies to distinguish between regional disparity and regional difference.Therefore,this paper makes a distinction between factors that can be improved and those that allow objective existence,to analyze the causes for the regional difference of Inclusive financial development level in China.Based on the Peking University Digital Inclusive Financial Index,the paper analyzes the development level of Inclusive Finance in our country,and finds that the development level of Inclusive Finance in our country has been increasing year by year from 2011 to 2020,this paper interprets the regional characteristics of Inclusive and the development of Inclusive financial and studies the regional differences in the level of financial development of our country,there are regional differences in Inclusive Financial Development level in our country,and these differences will gradually converge over time.In addition,this paper tries to analyze the reasons of regional differences from the perspectives of supply,demand and supervision,the income level of local residents is an important factor to promote the development of inclusive finance,whether it is national,three economic belts or eight comprehensive economic zones.The number of low-income people contributes to the level of inclusive financial development as well,which has no significant positive impact only on the eastern and southern coasts and the greater southwest integrated economic zone,the development level of Internet has no influence.In addition,considering the possibility of spatial effects,we find that the MOLAIN index is significant and the coefficients of spatial regression results are significantly positive in the whole country,the three economic zones and the eight comprehensive economic zones,in other words,the improvement of Inclusive financial development level can lead to the improvement of the financial development level of the surrounding areas.However,the influence factors vary in different regions.Finally,the Oaxaca-Blinder decomposition of regional differences shows that,for Northwest China’s comprehensive economic zone,although the number of small and micro businesses,the number of low-income people,Internet penetration and household income levels can explain a small part of the difference between them and other economic zones,but Inclusive financial development has been more affected by the harder-to-overcome obstacles that exist in the north-west comprehensive economic zone itself.In addition,the difference between the eastern and central regions,the difference between the comprehensive economic zone in the middle reaches of the Yellow River and other economic zones can not be fully adjusted,so there are more difficult factors to improve,most of the differences between the eastern and central regions and between the comprehensive economic zone and other economic zones in the middle reaches of the Yellow River are adjustable,but they can not be synchronized with the development level,and some differences are reasonable.The remaining inter-regional differences in the level of inclusive financial development can be regulated by various factors,and even to achieve a super-high level of the region.Based on the research results,in the last chapter of the article,the author proposes to strengthen the regional connection,regulate and control the intervention,develop the economy vigorously,help popularize the finance,strengthen the financial education,popularize the financial knowledge,seize the digital opportunity,five suggestions are given to improve coverage,face up to regional differences and explore special solutions.