Research On The Rural Credit Exclusion Degree And Its Influencing Factors In Gansu

In 2005,the United Nations put forward the concept of “inclusive finance” at the microfinance annual meeting.It served vulnerable groups such as the poor and small and micro enterprises as the main service targets,aiming to provide fair financial services to all sectors of society.Since the country officially introduced this concept,government departments at all levels attach great importance to the development of inclusive finance.In the “Plan for Development of Inclusive Finance in Gansu Province(2014-2018)”,the core development goal of increasing the availability of basic financial services has been proposed by Gansu Province,then good results have been achieved.However,the phenomenon of financial exclusion in Gansu is still widespread at present.Therefore,studying the issue of inclusive finance in Gansu Province is of great significance in solving financial exclusion and promoting the development of inclusive finance.The research adopts qualitative analysis to analyze the status quo of inclusive finance in Gansu Province from four perspectives: financial institution outlets and employees,inclusive financial service products,financial infrastructure,and related policies.And find that the development of inclusive finance in Gansu Province has problems such as lack of financial knowledge,insufficient product innovation,unbalanced supply and demand of services,unsound system,slow development of digital finance,and relatively backward infrastructure.The inclusive financial development index was used to measure the level of development of inclusive finance in Gansu Province,then concluded that: From 2005 to 2015,the inclusive financial development index of Gansu Province is raised from 0.113 to 0.361,the level of development of inclusive finance has gradually increased but it is still in the medium-to-low stage.By measuring the level of inclusive financial development in 14 cities of Gansu Province in 2015,find that the provincial capital Lanzhou is at the high level.The middle level is mainly distributed in the Hexi area,including Jiayuguan,Jinchang,Jiuquan,Wuwei,and Zhangye.The cities of Longdong and Longnan are at a low level.Overall presents the spatial distribution pattern of “high west and low east”,there is a large difference in the level of inclusive financial development in each region.Using multivariate regression analysis and granger causality test to empirically analyze the influencing factors of inclusive financial development in Gansu Province,and found that the regional economic development level,education level,urbanization rate,informatization level,and income level are significantly positively related to the development level of inclusive finance,and they are all granger causes for inclusive financial development.According to the research conclusions,the following suggestions are proposed:Coordinate regional economic development to ensure balanced development of inclusive finance,enhance Internet penetration and give full play to the advantages of “Internet +Finance”,raise the education level of residents and increase the popularity of inclusive financial knowledge,promote financial reform and build a diversified inclusive financial system,Strengthen financial innovation and provide diversified inclusive financial services.