Research On The Problem Of Inclusive Finance's Development In The Context Of Internet Finance

The internet industry has developed rapidly in 2013,it has also swept the major industries.The essence of the Internet is to intervene,reduce transaction costs,reduce information asymmetry,in order to achieve the overall efficiency.the participants are familiar with the essence of Internet.Through the Internet,mobile communications and other tools,the Internet and traditional financial services can be integrated.At the same time,China's Inclusive Finance has developed rapidly.In 2015,the financial industry "thirteen five" plan also clearly put forward:adhere to the concept of shared development.In China,Inclusive Finance mainly refers to the ability to provide quality and low-cost financial services for small and medium-sized enterprises and rural areas,and solve the problem of financial exclusion in China for a long time.To sum up,it is not difficult to see that the concept of Internet Finance and Inclusive finance are coincident,The Internet Financial's philosophy has provide a very good way to develop,that is,through the Internet to develop Inclusive Finance,which can solve its problems,such as high cost,space concentration.The main content of this paper includes three aspects:First of all,summarize a basic overview of Inclusive Finance and Internet Finance,in this part,it mainly summarizes the definition,development status and development significance of the two,and then caculates the Inclusive Finance Index of 31 provinces and cities(Except the Hong Kong special administrative region,the Macao special administrative region and the Taiwan region)in China.And then,the seconde part discusses how Internet Finance advances the development of Inclusive Finance in theory.The third part is quantitative research,Inclusive Finance index is the explained variables,the ICT lindicators and Internet Financel index as explanatory variables,the consumer price index,highway mileage,the urbanization rate as a control variable for multiple regression to Verify the impact of Internet Finance on Inclusive Finance.The last part is conclusions and policy recommendations.Through the research,we can find out that In recent years,the development of Inclusive Finance in China has achieved good results,but there are still major differences between the regions;the benifit of Internet Finance to the Internet Finance,not only on making up for the lack of traditional finance,it also can reducing transaction costs,expanding financial coverage and accelerating financial innovation.Moreover,inthe future,Internet Finance's promoting effects will not only be limited to the credit sector,but also to the insurance and securities industries.The results of the measurement model also further confirm the positive role of Internet Finance in the development of Inclusive Finance.