Research On The Development Path Of Digital Financial Inclusion In Yunnan Province

Financial vulnerable groups such as rural households,urban low-income groups,and small and micro enterprises are unable to obtain financial support from the financial sector because of information asymmetry and lack of collateral.However,with the introduction and development of inclusive finance,finance is no longer focused on the rich.Financially disadvantaged groups have also been incorporated into the financial services community.Inclusive finance not only makes financial services more equal and more universal,but also enables financial services to benefit the people.However,due to the fact that the target of inclusive finance is more of a financially disadvantaged group with no credit history and unsecured guarantees,and there is a natural conflict between the profitability of finance and inclusiveness of inclusive finance,inclusive finance is facing issues of adverse selection,risk of default,and unsustainable development.Digital technologies have natural advantages in improving the availability and affordability of financial services and promoting the diversified development of financial services,bringing new opportunities for inclusive finance.Since Yunnan Province is located in the “frontier,ethnic,mountainous,and poverty-stricken” areas,the level of inclusiveness of financial services is low,making the status of large areas of poverty,deep poverty,and large numbers of poor people unable to achieve fundamental relief,and Yunnan Province urgently needs digital inclusive finance as a breakthrough point.On the basis of the introduction of the related concepts,theoretical basis and development process of digital inclusive finance,this paper first combs the development process of inclusive finance in Yunnan Province,and reveals the status that the development process of inclusive finance in Yunnan Province lag behind the international and national overall level,then analyses the development status of inclusive finance in Yunnan Province.It is concluded that the development level of inclusive finance is not high in Yunnan Province.At the same time,this paper uses factor analysis method,selects 12 indexes of 16 cities in Yunnan Province,and uses SPSS statistical software to make an empirical analysis on the development level of inclusive finance in Yunnan Province,and further verifies that the development of inclusive finance in Yunnan Province is relatively backward.In the unbalanced realistic predicament,the inclusive finance in Yunnan Province has not realized the true meaning of "general benefit",which is the basis for analysis of the necessity and feasibility of promoting digital inclusive finance in Yunnan Province.How to effectively promote the digital inclusive finance in Yunnan Province,this paper puts forward the digital inclusive financial development strategy,and focuses on the digital environment,the legal system,the supply side's capacity construction,and the consumer's digital financial awareness training.