Analysis Of The Development Level Of Inclusive Finance In Southwest China And Its Influencing Factors

“Inclusive Finance” was first proposed in the United Nations “International Microfinance Year” in 2005.The construction of the inclusive financial system is closely related to the economic development of all countries in the world.Therefore,it has also received great attention from the Chinese government.In 2013,At Third Plenary Session of the 18 th Central Committee,the financial system development goals of “developing inclusive finance,encouraging financial innovation,enriching financial market levels and products” were put forward,and then the “Promoting Inclusive Financial Development Plan(2016-2020)” was promulgated in 2016.Inclusive financial development has risen to the height of national strategy.Inclusive finance emphasizes the availability of finance,and has unique advantages in eliminating poverty,solving the financing difficulties of small and micro enterprises,and improving the availability of financial resources in rural areas.It is of great significance to promote “village revitalization”,improve the development vitality of small and micro enterprises,and win the battle of “precise poverty alleviation.” The financial coverage of Southwest China lags far behind the eastern coast.The lack of finance has made it difficult for enterprises to finance,and it is difficult for people to enjoy convenience.Financial services,which hinder regional economic development and reduce national poverty alleviation Therefore,the study of inclusive financial development in Southwest China can not only understand the gaps with other regions,but also clarify the key factors that restrict the development of inclusive finance.Based on this,we can formulate inclusive financial development policies.It has great theoretical and practical significance.This paper firstly sorts out the research literature on inclusive financial evaluation indicators and influencing factors at home and abroad,clarifies the progress of inclusive financial theory research at this stage,and determines the index system of development level measurement and influencing factors analysis.Secondly,it defines the concept of inclusive finance,the theory of inclusive finance,and further points out the evaluation index system of inclusive finance for the development level and the evaluation method of developing water products.Then,based on the economic development,the development of financial institutions and the development of the Internet,the development status of inclusive finance in Southwest China is analyzed,and the problems in the development of inclusive finance in Southwest China are summarized.Then,based on the results of previous studies and combined with the specific conditions in the southwest region,the development of the water quality measurement index system of Pratt & Whitney Financial was constructed.Among them,the corresponding weights of each index are determined by the coefficient of variation method,and the inclusive financial development index of 31 provinces and cities nationwide is calculated by the formula,and the development level of inclusive finance is analyzed from the national overall,regional perspective and the southwest region.The analysis results show that the development level of inclusive finance in provinces,cities or regions with higher economic development level and better geographical location is higher.From the national point of view,the development level of Pratt & Whitney in Beijing,Shanghai,Zhejiang and other provinces and cities is in the forefront.From a regional perspective,the development level of inclusive finance in East China and North China is relatively high,while the development level in Southwest China is lower than the national average,and the development of inclusive finance is still lagging behind.Next,using indicators such as economic development,credit amount of financial institutions,science and education expenditure,and Internet penetration rate,through panel data model,the relevant factors affecting the development of inclusive finance in Southwest China are analyzed,and the level of economic development,the credit capacity of financial institutions,The higher the indicators such as education technology input level and Internet penetration rate,the more favorable the development of inclusive finance.Finally,according to the literature review and empirical test results,in order to improve the development level of inclusive finance in Southwest China,we must pay attention to the construction of financial institutions,optimize their business structure,gradually improve the rural education level in Southwest China,popularize financial knowledge,and accelerate network infrastructure.Construction,continuously improve the Internet penetration rate,improve the construction of relevant laws and regulations on inclusive finance,government departments must do a good job in macroeconomic regulation and control,and build a sound financial market environment.