Research Of Measurement Of The Level Of Inclusive Finance Development And Its Optimization Strategies In Henan Province

Due to the long-standing of urban and rural dual structure,the financial resources distribution is imbalance in our county.Most financial resources flow to the developed areas and advantage industries.The finance supply of disadvantaged areas,weak industry and small disadvantaged business is of a serious shortage,especially the farmers,the low-income groups,small and micro businesses that are facing different levels of credit constraints.The imbalance of financial development and financial exclusion seriously affected the sustainable development of economy in our country.The development of inclusive finance expanded the mentality to solve this problem.Henan province attached great importance to financial needs of rural areas and small micro-enterprise in recent years,as well as positively promoted the development of inclusive finance.Therefore,it will help to promote the inclusive finance of Henan province by studying the development issues of inclusive finance and finding out the factors that influence the level of development of inclusive finance.Through formulating the corresponding policy suggestions to realize the leap forward in development of economy of Henan province in new normal.On the basis of reviewing and evaluating of domestic and international research results,the article firstly expounded the concept,connotation and analysis framework of inclusive finance,and teased the development history of inclusive finance of home and abroad,which provides the theory foreshadowing for research of the full text.Secondly,from the levels of the customer,the macroscopic,the middle and microcosmic described the development status of Henan inclusive finance.Through selecting metrics of inclusive finance and using factor analysis,the article carried out the actual measurement of the developmental level of inclusive finance of 18 provincial cities of Henan province.According to the comprehensive score,the level of inclusive finance of Zhengzhou,Jiaozuo,Luoyang,Ping-dingshan and Anyang is in the top five,While,the level of inclusive finance of Shangqiu,Zhoukou,Jiyuan and Zhu-madian is in the bottom five.By using the cluster analysis method,the article divided the cities into different levels.Thirdly,the article explores the main influencing factors that influenced the developmental level of Henan inclusive finance.The study found that the urbanization level,internet penetration,education level of the region and the loan-to-deposit ratio of banks had significant positive correlation with the level of the region inclusive finance.While,the contribution rate of primary industry and secondary industry are not relevant with the level of the region inclusive finance.Finally,based on the above research conclusion,the paper presents the optimization strategy from the levels of government,financial institutions and the customer to improve the level of Henan inclusive finance.