A Study For Small Business Financing System In Hainan Province Based On Financial Inclusion

The operation cost of small enterprises is low, it has an important significance in smooth economic fluctuations, create jobs, try disruptive innovation and meet the diverse needs of the market, so many countries pay more attention to the development of small enterprises. All over the world to support small business experience shows that financial services is a key determinant of small business survival and growth, but the traditional financial system will be in the role of credit rationing under the small business out of the service object. In order to solve the system of domestic financial services for small enterprises, the 2005 International Year of microcredit, Chinese introduced the concept of inclusive financial system construction.The government of Hainan province support small businesses with loan guarantees and risk compensation, leveraging of bank loans is increasing year by year. But there are still small enterprise financing problems, so it is necessary for building inclusive financial system construction. At the same time, economic strength of Hainan Province is not strong, and the financial environment is fragile, so the construction of inclusive financial system needs to consider the system of province. Existing theoretical research does not confirm the relationship between Inclusive Finance and small business development, whereas the construction of inclusive financial system is not determined by the rules.The paper chooses small business as a specific object of inclusive financial services to explore the development of small enterprises in Hainan Province and the financial services system construction measures. In order to get true and reliable conclusions, both normative analysis and empirical analysis are used in the following steps. Firstly, the theory of credit rationing and inclusive financial construction are summarized, and the relationship of inclusive financial index and small enterprise development is quantitatively analyzed using the panel data model of the 31 provinces in China, concluding that using and quality of financial services have a significant impact on small enterprises surviving and growing, and access mainly affects the growth of small enterprises. Then, with the statistics of Hainan Province and research results of 2014-2015, make a qualitative analysis for Hainan Province of inclusive financial problems from three aspects of "availability" and "use" and the "quality". Finally, through the above reasons, looking for the relevant subject, and puts forward the corresponding countermeasures for these financial services.