A Study On Inclusive Finance In Tianjin

In 2013,China adopted the "Decision of the Central Committee of the Communist Party of China on Comprehensively Deepening the Reform of Certain Major Issues" adopted at the Third Plenary Session of the 18th CPC Central Committee and formally proposed "developing inclusive finance." Under the background of the new normal economic and supply-side reforms,the development of inclusive finance is not only an important part of China's deepening financial system reform,but also optimizes the financial system for all regions to enable all groups of society(including rural low-income groups,small and medium-sized enterprises).It is of great significance to obtain efficient and convenient financial resources and financial services.The article mainly studies the development status of inclusive finance,estimates the development level of inclusive finance,and analyzes the main factors affecting the development of inclusive finance in Tianjin.Tianjin's economic and financial development is at a high level throughout the country,but there are also problems with financial inclusion in developed regions.Therefore,it is necessary to improve the financial development system of Tianjin so that some low-income and small-scale groups can have equal opportunities to enjoy financial services and to realize inclusive finance.This article can also provide theoretical references for inclusive financial research in other developed regions.Firstly,the article summarizes scholars'research and analyzes related theories and concepts of inclusive finance.Based on theoretical analysis,the article studies the development level of inclusive finance and the main factors affecting the development of inclusive finance in Tianjin.When analyzing the status quo of the development of inclusive finance in Tianjin,the analysis mainly includes the availability of financial services and the use of financial services.It is concluded that there are still some problems in the expansion of bank outlets and employees,deposit scale,and insurance business in Tianjin Prestige Finance.After quantitative calculation of the inclusive financial IFI index in Tianjin,compared with the inclusive financial index of Beijing and Hebei provinces,it is determined that the development of inclusive finance in Tianjin is currently at a lower middle level.Among the influencing factors of the development of inclusive finance in Tianjin,a multiple regression model was established through empirical analysis.Finally,four indicators were selected to have a significant impact on the inclusive financial index in Tianjin,namely,network penetration rate,indirect financing scale,and direct financing scale.And the scale of foreign trade,and the impact of flexibility are positive.Based on the analysis of the main part of the article,policy recommendations are proposed from four aspects:promoting the development of insurance business in Tianjin,accelerating the development of internet finance,adjusting the financing structure of Tianjin,and promoting the development of Tianjin's foreign trade.