Research On The Impact Of Inclusive Financial Policy Of Commercial Banks On Rural Economic Development

The report of the 19th National Congress of the Communist Party of China pointed out that the current economic and social status quo in China has transformed into a conflict between the people’s increasing living needs and the unbalanced and imperfect development.Chinese society has gradually transitioned from a high-speed development stage to a highquality development stage.As the core content of China’s modern market economy,the financial industry has had a significant impact on adjusting the allocation of social resources and adjusting the internal structure of the industry.Inclusive finance has become the most important method to serve the development of the real economy,and is highly inclusive and inclusive.The financial situation in rural areas is different from that in cities.Its development process can use the capital formation mechanism,capital circulation guidance mechanism,credit guidance mechanism,and credit catalysis mechanism to support the rationality and quality of agricultural development.To this end,under the background of the improvement of my country’s rural industrial structure and the vigorous development of the service real economy,this article will take 20 prefecture-level cities in Guangdong as examples to explore the impact of commercial banks’ inclusive financial policies on rural economic development,so as to solve the problem of the whole country.The financial problems in rural areas of the province provide a certain reference and practical direction guidance,and also provide ideas for solving the problem of serious lack of financial resources supply capacity in rural counties in Guangdong and other parts of the country.This research adopts the literature research method to sort out and analyze the research status at home and abroad,the content and methods of the research,and the related theories involved in this paper.Secondly,qualitative and quantitative analysis and research methods are used to sort out the current situation of financial inclusion policies and practices of commercial banks in Guangdong Province.The final empirical analysis method is used to define the variables of financial inclusion policies and collect data to calculate the financial inclusion index of Guangdong Province.Four models are constructed,namely,the impact model of inclusive finance on farmers’ income level,the impact model of inclusive finance on regional GDP,the impact model of inclusive finance on regional infrastructure construction,and the impact model of inclusive finance on rural industrial structure.Model.Again,unit root test,cointegration test,Hausman test,regression test will be performed for the four models.Finally,the conclusion of the empirical analysis is drawn: the efficient implementation of the inclusive financial policy of the Guangdong Provincial Commercial Bank has improved the income level of the villagers;the efficient promotion of the Guangdong Provincial Commercial Bank’s inclusive financial policy has no obvious effect on the overall income level of the rural areas;The efficient promotion of the inclusive finance policy of Guangdong commercial banks has a significant role in promoting the optimization of the rural industrial structure.