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Research On The Impact Of Inclusive Financial System On The Equalization Of Basic Public Services In Hainan Province

Posted on:2018-05-29Degree:MasterType:Thesis
Country:ChinaCandidate:W J QiuFull Text:PDF
GTID:2439330515486719Subject:Finance
Abstract/Summary:PDF Full Text Request
The equalization of basic public services is an important means to implement the redistribution of national income, which can help to balance urban and rural development. However, the equalization of basic public services especially in rural areas requires a lot of funds, and only financial support is far from enough, so it still needs supports from financial field. The purpose of inclusive financial system is to give everyone the right to enjoy fair and equal financial services. Inclusive financial system provides effective, all-round financial services for the financial needs of low-income groups, vulnerable groups and so on. Due to the large capital investment, long cycle,risk concentration and long return period, there are few financial institutions willing to invest in the field of the basic public service. Therefore, the basic public service is a weak area and a weak group in terms of financing. And inclusive financial system provides effective and all-round financial support for the financial needs of the basic public services, just reflects inclusive financial system purposes, but also help to promote the equalization of basic public.This paper mainly studied the impact mechanism of inclusive financial system on the equalization of basic public services, and pointed out that inclusive financial system has positive external impact on the equalization of basic public services. Specifically,inclusive financial system can promote social fairness and justice, promote regional economic development, and improve the level of household income, educational level of low-income groups, medical situation of urban and rural population, and agriculture,rural areas and farmers infrastructure.The statistical data were used to analyze the status of inclusive financial system and basic public services, and it was found that the basic public services for urban and rural residents have been initially equalized. According to the analysis of the status quo,inclusive financial system has generally achieved the nature of inclusion, but the level of IFI of Hainan Province is still low, and the level of equalization of inclusive financial system in Hainan Province needs improving. Through the correlation analysis, the study found that the inclusive financial in Hainan Province has a positive impact on the equalization of basic public services.According to the above status analysis, the problems in the equalization of basic public services by inclusive financial system were further analyzed: first, the demand of the equalization of basic public services for funds has not been fully met; second, the supply of inclusive financial system does not balance; third, the payment means in remote areas is single; fourth, the credit guarantee system and its market environment are not complete.Finally, measures and recommendations were proposed for the promotion of basic public services in Hainan Province by drawing lessons from the experience of the United States, Japan, Bangladesh and Brazil in inclusive financial system and taking problems as orientation. The supply mechanism of inclusive financial system should be improved, inclusive financial system support to the basic public services should be intensified,a market environment consistent with the development of inclusive financial system should be created, and the laws and policies on how inclusive financial system promotes the equalization of basic public services should be developed.
Keywords/Search Tags:Basic Public Services, Inclusive Financial System, The Impact Mechanism, Urban-Rural Integration Development
PDF Full Text Request
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