Evaluation And Influencing Factors Research Of Inclusive Financial Development In Counties Of Shaanxi Province

The word "Inclusive Finance" was first put forward by the United Nations in the year of Micro Credit in 2005,and then how to carry out Inclusive Finance in China has aroused wide attention of scholars."Promoting the development of inclusive financial planning(2016-2020 years)" is a document on how to develop Inclusive Finance in China by the State Council at the end of 2015.In the plan,it is required to establish an Inclusive Financial system to adapt to the development of China as soon as possible,especially the construction of the rural Inclusive Financial system.As one of the most important provinces in Western China,Shaanxi's county Inclusive Financial level is not high.And,there are regional differences as the three regions of Northern Shaanxi,Guanzhong and Southern Shaanxi counties are different in economic development and financial development.The low level of county Inclusive Financial development and the problem of regional development differentiation in Shaanxi county make some counties in the blank area of financial services for a long time.The disadvantaged groups,such as the local poor farmers and the agricultural small and micro enterprises,are difficult to obtain services from the financial institutions,the prevalence of private lending and the serious financial exclusion,which eventually leads to the mismatch of financial resources and social unfairness.This will not be conducive to the steady development of the county financial market.Therefore,in the current background,how to effectively enhance the development level of Inclusive Finance in counties of Shaanxi,eliminate regional development differences,and then promote the rational allocation of resources,social equity and economic growth in Shaanxi province is very necessary.Firstly,this paper analyzes the present situation of county Inclusive Financial development in Shaanxi province from two aspects of supply and demand of county Inclusive Finance.It is found that there are total imbalance,regional development disparity,lack of effective encouragement and standardization mechanism and low popularity of digital information.Secondly,it selects the data of 63 counties in 2009-2015 years in Shaanxi Province,and constructs a county Inclusive Financial evaluation index system with 22 indicators in 5 dimensions,and uses factor analysis to measure the level of Inclusive Financial development in Northern Shaanxi,Guanzhong and Southern Shaanxi counties.It is found that the development level of county Inclusive Finance in Shaanxi is still relatively low,and there are regional differences in Northern Shaanxi,Guanzhong and Southern Shaanxi counties.Then,panel regression analysis was conducted on factors which affect Northern Shaanxi,Guanzhong and Southern Shaanxi's development level of Inclusive Finance.The conclusion shows that the factors in Northern Shaanxi,Guanzhong and Southern Shaanxi counties are different.However,it is worth noting that Policy,FIR and Urban have a marked effect on Inclusive Finance in different counties in Shaanxi province;The industrial structure is not closely related to it.Finally,according to the present situation and the results of the empirical study,the countermeasures and suggestions are put forward to improve the development level of Inclusive Finance in counties of Shaanxi province,to eliminate the differences in the development of Northern Shaanxi,Guanzhong and Southern Shaanxi counties.