Research On The Development And Evaluation Of Inclusive Finance In China

Our country has considered it to be strategic focus to develop inclusive finance,and to construct a multi-level financial service system during the “Thirteen Five-Year Plan”period of national economy and social development.The new concept of “Inclusive Finance”was firstly proposed at the International Microfinance Conference in 2005.Since inclusive finance was put forword,it has been extensively supported by all the country around the world.Inclusive finance has changed our inertial thinking of traditional poverty alleviation,and aims to incorporate the poverties and the vulnerable groups who are excluded by the traditional financial service into the new financial system,and enable them to enjoy the benefit of economic growth and social development.Meanwhile,it plays a important role in solving the financing difficulties of small enterprises and the lack of rural finance services,and promoting the construction of a harmonious society.This paper,starting from the reseach background and the significance of inclusive finance,adopts a particular method combining theoretical research and empirical research,literature analysis and mathematical analysis.After comprehensively summarizing the current research situation at home and at abroad,this paper explains the concept of inclusive finance in detail,sorts out the theory of inclusive finance after extensive reviewing of related literature and deep thinkingfirstly,meanwhile,improves the formation and development of inclusive finance at home and abroad.Thenit selects eight indicators on the basis of the principle of index construction,determines the weight of each indicator by using the variation coefficient method,and builds up the index of finance inclusion(IFI)to measure the development of a country or a region.The Author gives an empirical analysis of the development of inclusive finance in China by using IFI,and reveals the questions in the development of inclusive finance in China.Finallythis paper puts forward suggestions from the supply level,demand level and policy level aiming at solving the promblems which are existing in the development of inclusive finance in China.Itincludes:nurturing the financial awareness of demander,construcing the system of inclusive finance,improving the system of policies and regulations.Meanwhile,we should provide customers with financial products and services which they really need and suit local conditions and actual situation of our country,inaddition,pay great attention to the risks and benefits of financial institutions to realize its sustainable development,and make everyone enjoy the benefit of the convenient financial servicesin the construction progress of inclusive finance system.