Research On Financial Exclusion In China

With the fast development of the economy, a series of social problems happened in China such as the poverty, parallels between developed regions and underdeveloped regions ,farmers being deserted .One of the accesses to combat those social problems is to make the financial resource available to the disadvantaged.However, financial exclusion prevent residents from obtaining financial services and can often exacerbate other kinds of the social problems such as the poverty .Thus, financial exclusion is currently the focus of debate amongst financial services industry participant, the China government, regulatory agency such as CBRC,and the consumer groups.The primary objective of this study is to provide a detailed understanding of financial exclusion in a China context.Chapter one provides a precise definition, types and influences of financial exclusion,and presents the indicators to measure the financial exclusion. Meanwhile,it presents the proof why the article choose farmers and disadvantaged as the objects.Chapter two conduct major research and policy reviews of financial exclusion, and also presents the factors which have been found to impact upon financial exclusion in UK&USA and show the measures applied by the government to deal with the financial exclusion.Chapter three measures the level of financial exclusion in China and shows the groups of the excluded including the Chinese three-dimensional rural issues concerning agriculture, countryside and farmer and residents disadvantaged in city. Those excluded always have low income and are limited the opportunities to learn how to manage their little wealth. At the end, this study attempts to identify practical ways of combating financial exclusion. Researcher suggests the following lessons for future development: First, need more support for the disadvantaged. Second, develop numeracy ,literacy and it skills in the context of finance; Third, establish the cooperation between the government and the financial institution; Finally, combat the social exclusion.This study differs in that:(l)It has provided a comparative study of the financial exclusion, which help analyzing the problems of poverty more easily;(2) It conducts major research and policy reviews of financial exclusion, and also presents the factors which have been found to impact upon financial exclusion in UK&USA ,which help to select the object while analyzing the financial exclusion in China ;(3)It has provided some practical and new insight into increasingly important social problems in China by the tool of the financial exclusion;The author hopes it will be of value to police-makers, practitioners and service users .