Influence Factors About The Development Of China's Regional Inclusive Finance

In 2005,the United Nations introduced the concept of "inclusive finance" when promoting its "international microfinance year".Inclusive finance provides financial products and services for all groups and sectors of society effectively and comprehensively.In 2006,the theory of"inclusive finance" began to enter China.Then,the Chinese government issued the corresponding development plan,strive to promote the development of inclusive finance,improve the financial service coverage,availability and satisfaction,enhance all market main body and the majority of the people of the financial services.In 2016,at the G20 summit in Hangzhou,China,digital inclusive finance became an important issue,and the global financial system was entering a new era.Promoting the development of inclusive financial research and constructing the inclusive financial system of China help China's farmers,small and medium-sized enterprise access financial services easily,improve the utility of the financial products and services,and enhance the quality of the financial products and services.Therefore,studies about our country inclusive financial development and comparative analysis of inclusive financial differences in different provinces,and the influence about inclusive finance have important theoretical and practical significance.Firstly the background and significance of the research are introduced,after that there is a review the development of the inclusive finance,the connotation of the inclusive financial system,inclusive financial database establishment,and influence factors of inclusive finance.Then we analyze the supply and demand situation of inclusive finance in China and synthesize inclusive financial index.The design of the index variable is mainly based on the supply and demand of financial products(services).In this paper,selecting the bank branch number per ten thousand people,workers per ten thousand people in the bank,bank branch number per thousand square kilometers,bank clerks per ten thousand square kilometers,insurance institutions,commercial Banks,savings deposit amount per GDP,the commercial bank loan balance per GDP,the stock market price per GDP,the density of insurance agency,insurance agency depth,all of the 10 variables are used to calculating China's 31 regions inclusive financial index from 2007 to 2015.On the empirical analysis part,inclusive financial index is being the explained variable,the panel data of China's 31 regions is the research sample,panel regression model of factors which affect the development of inclusive finance is set up,then we analyze the impact of economy,education,society,geography,traditional finance and Internet finance on inclusive finance.For the six dimensions,we select variables as follows:per capita GDP,the number of higher education college students per ten thousand people,the Internet penetration,the number of the P2P platform,the number of the P2P problematic platform,P2P platform number(the borrow term of 1 to 3 months),the average loan and deposit,road density and population density of geography,urban population density of these variables.Empirical results show that the impact between the per capita GDP,per capita deposit and inclusive finance is significant.Besides,the Internet penetration,the number of the P2P platform,the number of the P2P problematic platform,P2P platform number(the borrow term of 1 to 3 months)also influence the development of inclusive finance.In this paper,the possible innovation as follows:firstly,we calculate the inclusive financial level of 31 regions in our country.And it is helpful for figuring out region's inclusive financial situation and develop the research.Secondly,on this basis,this paper analyzes the factors that influence the inclusive finance especially under the economic,social,geography and education dimension.In addition,we analyze influence between traditional finance,Internet finance and inclusive finance.Through the study of this article,it is helpful to know the inclusive finance across China's financial development and existing differences.At the same time,it also contributes to understand the connection between the economy,education,society,geography,traditional finance,Internet finance and the inclusive finance.