Research On The Development Of Shandong Province Inclusive Finance

The inclusive financial concept is developed on the basis of theory of microfinance. It is a financial concept that is to provide a range of financial services to all levels including farmers and small and medium-sized enterprises. Many scholars, domestic and foreign, launched a number of studies to micro-credit, as a predecessor of inclusive finance. Now in Shandong province and even in all China the financial system is still not perfect. Financial supply institutions to farmers and small and medium-sized enterprises are unable to meet the demand of funds. The inclusive finance, as a new concept and a good way to solve the problem of supply institutions’ reluctant to lend, have more and more attention of the government.At present,the development of inclusive finance in Shandong province is still in the early stages of immature. There are many theoretical and practical problems about the inclusive finance. Research in Shandong province the inclusive financial development to promote the local rural economy development and ease the small and medium-sized enterprise financing difficult problem is of great significance. In this paper, I make the inclusive financial development in Shandong province as the research object, use qualitative analysis and quantitative analysis, combining the sum up and field research method to do the research. Firstly, this paper studied succeeds and failure of the development of the practice of inclusive finance at home and abroad; Secondly, based on the knowledge of the inclusive financial system in Shandong province, this paper analyzed the existing problems in the inclusive financial development in Shandong province; Finally, through the successful practice at home and abroad for reference, and combining the existing problems in the development of local inclusive financial, this paper make some advices of accelerating the development of local inclusive financial development.In this paper, the study found the current problems of inclusive financial development in Shandong province, including: firstly, the current legal system and regulatory system cannot adapt to the rapid development of the local inclusive financial; Secondly, the effective demand of the inclusive finance is insufficient. The credit system construction is unsound; thirdly, the inclusive financial institutions reluctant to lend and the financing cost is very high. In order to realize the rapid development of the local inclusive finance, Shandong province need to speed up the building inclusive financial system so that to establish an effective financial market, perfect the credit evaluation system, innovate more credit products, promote interest rate marketization, etc. only in this way can Shandong province to promote the local financial deepening and inclusive financial development.