Research On The Development Of Inclusive Finance In The Western Rural Areas Of China

The concept of inclusive finance was first proposed when the United Nations was in promoting international micro-finance in 2005,it is the promotion of a kind of financial service concept, the extension and development of micro-credit and micro-finance. It is not confined to a single financial institution providing financial services category is given priority to with small loans,but also devoted to combine organically of the scattered micro-credit services to micro-finance institutions, and make it serve for the national overall financial development strategy to finally set up the inclusive financial system covering all people. As a Nobel peace prize winner,founder of Bangladesh Country Bank, professor Muhammad Yunus,is put forward that to rise the credit right up to the height of human rights,each are created equal,so as to in accepting the financial services. Inclusive Finance is designed to provide the opportunity and path for all the people to enjoy the modern financial services, the development of Inclusive Finance has important significance to reduce poverty,improve economic efficiency, help vulnerable groups to improve education and the quality of life.The third plenary session of the eighteenth communist party of China has passed " The decision of the central committee of the communist party of China on several major issues comprehensively deepen reform ",and formally put forward the idea of "Inclusive Finance development". Due to the western rural areas has the highest incidence of poverty in our country,and some serious problems are widely existed in this area,such as the missing in financial services, the financial demands are not met and the financial exclusion phenomenon is serious, therefore the western rural areas should be the key area of the implementation of Inclusive Finance in China.This article first combined、reviewed and summarized the existing literature at home and abroad,to understand the issues related to research. Secondly,find out the existed problems of the Inclusive Finance development in western rural areas by making description from different levels in qualitative and quantitative of the current Inclusive Finance development in western rural region. What’s more, in order to measure western rural Inclusive Finance degree, the article construct the evaluation index system of Inclusive Finance Degree in the western rural areas by using the measurement of human development index for reference, and the variables are empowered by variation coefficient method,and it use the weighted average method to calculate the western rural Inclusive Finance index; On the basis of measurement results, the article use panel data model to do empirical analysis for the influence factors of the western rural Inclusive Finance Degree; Finally, on the basis of comprehensive analysis, the article proposed the policy recommendations of Inclusive Finance in western rural areas from a few respects, from the internal and external environment of rural development of Inclusive Finance 、 the demand of Inclusive Finance、 the supply of Inclusive Finance、the infrastructure services of Inclusive Finance and the role of government in the development of Inclusive Finance.