Research On The Development Of Inclusive Finance In China

Finance is the core of modern economy,the position and role of the financial development in the modern economic can not be ignored.However,uneven allocation of resources,the big gap between the rich and the poor,small and medium-sized enterprise financing difficulties and a series of problems appeared in our country are still prominent.In addition,the traditional finance has disadvantages,it is difficult to benefit all levels of society.Under this background,developing inclusive financial contributes to promote transformation and upgrading of the pattern of economic development in China and contributes to promote crucial strategy implementation of poverty alleviation in China.Also,it plays an important role to improve social justice and social harmony.The Party Central Committee and the state council also attache great importance to the development of inclusive finance.The government work report(2015),and in2016,the inclusive financial development planning(2016-2020)are clearly put forward to develop the inclusive financial in our country.Based on this,this article puts inclusive finance as the research object,hope to give little contribution to the development of our country.This article firstly to make financial repression and financial deepening theory,dual economic structure theory as the support,describing the evolution of the development of inclusive finance in China,pointing out that there are a series of problems in the development of inclusive finance at present on the demand level,supply level and policy and institutional environment level.Among them,the demand level mainly including the restriction of traditional habits and stereotypes,the restriction that financial knowledge can not spread totally,and,the restriction of micro and small enterprises and low-income groups whose credit quality is poorer;In supply level,there are following adverse factors,such as,rural financial institutions with little financial infrastructure supply,tightly loan conditions,tight business program is too much trival,financial institutions in too much pursuit of profitability,capital market is not sound,financial services and financial products are lack of innovative factors;In policy and institutional environment level,the lack of related policies and regulations and the dislocation of government supervision both bring adverse effects.Secondly,choosing the practice of the development of inclusive finance in developed countries(such as: the United States,Japan)and less developed countries(such as: Indonesia,Russia,Brazil,ivory coast and Kenya)for reference,put forward the valuable reference in the development of inclusive finance in our country,including developed countries,such as perfect legal system in the United States,cooperative inclusive finance system in Japan;Less developed countries,such as,the people's bank of Indonesia to establish rural credit,comprehensive financial literacy program in Russia,convenient networks without bank in Brazil,The comprehensive ivory coast savings Banks,and high penetration rate of mobile banking in Kenya.Finally,combining the status of the development of inclusive finance in our country and the international experience for reference,putting out effective and feasible suggestions for the further development of inclusive finance in China,including four aspects : strengthening the construction of infrastructure of inclusive finance,improving inclusive financial system,strengthening the inclusive finance products and business model innovation,and improve the inclusive finance education system.hoping that these suggestions can make some contributions to the future development of inclusive finance in China.