Research On The Difference And Convergence Of Regional Inclusive Finance

The report of the 19 th CPC National Congress pointed out that socialism with Chinese characteristics has entered a new era,and the major social contradictions in our country have been transformed into the contradictions between The people's ever-growing needs for a better life and imbalanced and inadequate development.The overall level of social productivity in China has been significantly improved.However,one outstanding problem is the imbalanced regional development,including the regional financial development and the imbalanced level of regional inclusive financial development,which has become an important constraint to satisfying people's growing needs for a better life.The inclusive finance of “Popularize in urban and rural areas and benefits the people” is an important development strategy for China to realize the rational allocation of regional financial resources,achieve the balanced and coordinated development of regional inclusive finance and meet the growing demand for financial services in each region.Therefore,it is great practical significance to research the differences and convergence of regional inclusive financial development.This article elaborates the connotation and the history of inclusive finance,analyzes the regional differences in the development of inclusive finance and the formation mechanism of convergence in combination with the factors that influence the development of inclusive finance.This paper constructs the inclusive financial development level of evaluation index system,using the factor analysis method respectively,to measure the development level of inclusive financial in 31 provinces in China from 2010 to 2016,and compared analysis of the level of inclusive financial development in Eastern,Central,and Western China.Empirical studies have found that the development level of inclusive finance in China is generally low,the regional development gap is large,and the development level of inclusive finance in the eastern region is significantly ahead of the central and western regions.This paper uses multiple linear regression model to explore the influence factors of inclusive level of financial development in our country,including the national policy,the financial industry development status,Urban-rural income gap,Residents' education level and other factors.On this basis,this paper uses the convergence model to test the convergence of regional inclusive finance development in China uses the convergence model to test theconvergence of regional inclusive finance development in China the inspection finds that the development level of regional inclusive finance exists absolute beta convergence and conditional beta convergence in China.Finally,The paper proposes some advices to promote the coordinated development of China's regional inclusive financial equilibrium countermeasures,including government the guiding role of the government,accelerating the financial development of backward areas inclusive,vigorously developing the digital inclusive financial,improving the regional financial ecological environment,and promoting inclusive financial literacy.