Studying On The Measurement Of Inclusive Finance Development Level In China

China has become the second largest economy in the world,but meanwhile,there's a no escaping the fact that china is also faced with serious structural imbalance in finance,which is shown as medium and large enterprises and the wealthy receiving the best and excess financial services,while the small enterprises,the poor and the vulnerable are confronted with a serious lack of financial services.With overabundant financial resources and insufficient financial resources at the same time,there is serious structural imbalance,if things continue like this,the economic development in china will be confronted with serious negative impact.Inclusive Finance is a financial system that can provide a full range of services for all sectors of society and groups,in general,it is to let all people enjoy more financial services and to support the development of economic better.The core of financial inclusion is the fairness,it emphasizes providing financial services to all the society,specifically including the small enterprises,the farmers and other vulnerable.Inclusive finance has become an international consensus,and China's inclusive finance is in the ascendant,based on this,studying on inclusive finance has far-reaching significance for the development of inclusive finance in china.Firstly,we propose the concepts of financial exclusion and financial inclusion,introduced the theoretical basis of financial inclusion,and expounded the financial repression theory,theory of financial deepening and financial structure theory;secondly,we summarize the development practice of inclusive finance in the world and in China.Based on this,we constructed a evaluation index system to measure china's financial inclusion level,we determined the financial inclusion level according to factor analysis method,and the financial inclusion index was constructed to evaluate china's financial inclusion in 2015.the results showed that the degree was relatively low in general.furthermore,we analyzed the provincial differences of financial inclusion by cluster analysis,the conclusion was that the regional difference is obvious in china,the level of financial inclusion in eastern provinces was high and the majority of the central and western provinces' financial inclusion level was generally low.Finally,combined with the development status of inclusive finance and the results of empirical research,the article put forward the corresponding policy recommendations for the development of inclusive finance from three layers including the demand,supply and government.