Research On The Influencing Factors Of Inclusive Finance Development In Rizhao City

Inclusive Finance refers to the financial institutions to meet the financial needs of all sectors of society,to provide them with appropriate and effective financial services.Its service is based on the consumer bearing the corresponding cost basis,and the service is mainly for small groups of small businesses,rural areas and urban low-income groups.At present,there is a more obvious imbalance in China's financial development,due to the traditional financial services system having endogenous defects,small and micro enterprises,low-income people can't get enough financial services.Under the current environment of building a well-off society in an all-round way,vigorous inclusive financial developing can promote the financial institutions to support structural reform of the supply front more effectively.By providing more effective and convenient financial services,we will solve the problems of financial services and financial support problems relating to the small and medium-sized enterprises and rural areas.At the same time,it is conducive to financial institutions to broaden the service areas,deepen the weak links of services,to promote the sustainable development of the financial sector.At present,the construction of inclusive financial system has been highly concerned and recognized by the parties.Affected by the population,geographical environment,economic development and other factors,China's local financial presents a different feature,resulting in imbalance on inclusive financial development in different regions.This paper chooses Rizhao City as a research sample of inclusive financial development,analyzes the influencing factors of inclusive financial development in the city by empirical method,and draws the specific influence of various factors on Inclusive Finance,then give effective proposals for financial development.On the basis of summarizing the research background,frame and literature review,this paper introduces the connotation and construction basis of Inclusive Finance,analyzes its influencing factors in theory,and analyzes the general situation of inclusive financial development in Rizhao City.Then,select the Inclusive Financial Development Index from 2006 to 2015 as the dependent variable,the level of education,per capita netincome of farmers,per capita GDP,network penetration rate and other 11 indicators as independent variables,through the principal component regression analysis,to analysis the influence of various factors on the development of Inclusive Finance in Rizhao City specificly.Among them,per capita GDP and per capita income of rural residents are important factors to promote the development of Inclusive Finance.Urban and rural residents income and urbanization rate of the impact are obvious to promote inclusive financial development.Financial correlation rate,inclusive financial business development goals,the number of inclusive financial products,the government financial subsidies,the level of education have positive correlations with inclusive financial development.Finally,according to the empirical results,the paper summarizes the whole contents,and puts forward some policy suggestions to promote the development of Inclusive Finance in Rizhao City from the three levels of government,financial institution,enterprises and residents.Among them,the government should focus on strengthening policy leadership,bridging the gap of income between urban and rural residents,and providing financial and environmental protection for Inclusive financial development.Financial institutions should strengthen Inclusive financial planning and increase product innovation on the basis of steady development,and use the Internet means to enhance service capacity actively.Small micro enterprises,residents and other requesters should continue to strengthen their own credit and capacity,to enhance the participation and availability of financial services.