Research On The Role Of Government In The Development Of Inclusive Finance

The inclusive finance has quickly caught the attention of the public since the United Nations launched inclusive finance in the International Year of Microcredit in 2005.The inclusive finance is not a simple concept,which involves market efficiency and social equity and covers the economy and society.As the inclusive finance can benefit the masses,people of all countries have showed much expectation of it.Underdeveloped countries hope to alleviate poverty through the development of inclusive finance,so as to lead a happy life and achieve economic growth.Developed countries wish that the development of inclusive finance can improve the inclusive economic growth to get themselves advanced again in the domestic economy.The inclusive finance has entered the family of the public and embarked on a rapid development path since the world financial crisis that broke out in 2008 when the world has returned to explore the essence of finance again.In the past decade,China has seen orderly development of inclusive finance theoretically and practically.Then,inclusive finance was officially proposed and recorded in the history of the Communist Party of China(CPC)for the first time in the Third Plenary Session of the 18 th CPC Central Committee in 2013;the State Council officially issued a document specifying the direction for development in 2015.Thus,inclusive finance has become an important part of domestic financial development.Under the government's strong promotion,the rapid development of inclusive finance has opened a new chapter.With large economic aggregate and poverty-stricken population,the strong development of inclusive finance is conducive to overcoming poverty and transforming economic development mode,in order to realize economic take-off.In fact,inclusive finance has all the attributes of finance and thus it should be regulated by the government.The development of inclusive finance needs the supervision and improvement of the government.This paper,with seven chapters,attempts to find out reasons for rapid development and summarize the effective measures for the government supervision from the case analysis of countries and regions which have scaled good results in inclusive finance at home and abroad.It concludes the development of inclusive finance in Dongguan city and puts forwards some new suggestions such as building the inclusive finance system,innovating the mode,maintaining the industrial discipline and so on.It is expected that the government can play an important role in the industrial supervision and advancement in the local inclusive finance.