Research On The Financial Exclusion In Inclusive Financial Development

The phenomenon of financial exclusion is widespread in the world,and the concept of "Inclusive Financial System" has been put forward by the United Nations in the 2005 International Year of Micro-credit for the purpose of achieving fair and efficient financial services for all.Inclusive Finance is an effective means to solve the financial exclusion,which fulfills China's goals to comprehensive build a well-off society in 2020 and achieve common prosperity.Therefore,China proposed " Promoting Inclusive Financial Development Plan(2016-2020)",aimed at accelerating economic development in remote areas,improving the financial availability of vulnerable groups.In this paper,through the construction of financial exclusion index,measuring the financial exclusion level of 31 regions scientifically.It was found that China's overall financial exclusion was higher than Beijing,Shanghai,Tianjin,Hangzhou,which were more developed economic and financial development areas.At the same time,this paper makes an empirical study on the causes of the differences in financial exclusion.The results show that the income level,the level of regional agriculture,the level of education and the level of financial contribution will significantly affect the level of financial exclusion.This paper draws lessons from the advanced experience of solving financial exclusion problem in countries such as Bangladesh,the United States,Britain and Mexico.I think we can solve the problem of financial exclusion from three aspects: one is to start from the financial needs,raising their income level,financial knowledge and The level of credit,to increase their financial availability;the second is to start from the financial providers,increasing the number of Inclusive financial institutions and Inclusive financial services to improve the level of financial supply;Third,from the government point of view,strengthening the Inclusive financial foundation facilities construction,the implementation of differentiated Inclusive financial policies and improve the relevant laws and regulations and other measures to create a favorable Inclusive financial development environment.