Study On The Development Of Consumer Finance In Anhui Provence

In recent years,as China's economy steps into the new economic state and the pace of adjustment of economic restructure accelerates,the role of financial support for the development of the real economy has become increasingly significant.Therefore,how to use financial service industries to promote economic growth much better has become an important issue for many scholars.Consumer finance is that consumer financial institutions provide individual resident or families with consumer credit products and financial services,maximally satisfying consumers' demands by the form of inter-temporal consumption.So it is an important part of the financial system..As the breakthrough point of consumption and economic growth,Developing consumer finance provides a new way to solve the difficulty for China's economic development.As a large province in Central China,GDP of Anhui is above the medium level of Gross National Product,but its per capital GDP is low-ranking in the country,considerably lower than the national average level.The consumption level of residents in Anhui is low,the consumption rate is less than 50%,lower than the national level of 52%,and far below the level of the world's 79%.Developing consumer finance ofAnhui province has an important theoretical meaning and practical significance.On the one hand,it contributes to adjusting the economic structure of Anhui Province,changing the mode of economic development and improving the structure of the financial system.On the other hand,it makes practical effect to stimulate the consumer demands and promotes economic development in Anhui province.Firstly,this article reviews the domestic and foreign' study of consumer finance,then illustrates the relevant economic theories of consumer finance and consumer finance theory,moreover,it defines the relevant concepts of consumer finance.Secondly,it reviews the development of consumer finance in Anhui province,then it analysis the presence of consumer finance from three aspects:the development and change of consumption expenditure of urban and rural residents?consumer credit of financial institution system.?the development and change of consumer financial inst-itution.Compared with other domestic provinces,it found that there are four problems of the development of consumer finance in Anhui province.The concept of residents consumer finance is not strong,and the consumption level is not high.The lack of effective supply of financial consumption,such as financial total amount and consumer financial products,a single consumer financial system is not perfect.The social security system is not perfect,and the social credit environment is poor.Thirdly,on the basis of theoretical analysis,the article researches the factors which influence the consumer finance's development from three aspects of economic,social,legal and regulatory system.Finally,based on the variable selection,the determine in consumer credit balance to be explained variable,with GDP in Anhui province,urban per capital disposable income,the consumer price index,urbanization rate and loan interest rates as the explained variable,and based on the variable stationary test,cointegration test and causality test,impulse response green analysis and empirical research,the empirical result shows that the significant factors affecting the development of Anhui province consumer finance is the Anhui province GDP,urban per capital disposable income,the consumer price index and loan interest rates,and the consumer price index,the loan interest rate long-term impact on the consumer credit is reverse,the Anhui province GDP,urban per capital disposable income,urbanization rate is positive influence to consumer credit.Aimed at the existing problems in the development of consumer finance in Anhui province and the empirical results,this article finally puts forward some countermeasures and suggestions for the development of Anhui province consumer finance from the macro and micro two aspect.