Research On The Threshold Effect Of Inclusive Finance On China's Poverty

Poverty is an important aspect that plagues the country's economy and even social development.Limited financial resources make financial support gradually show limitations as a traditional way of poverty alleviation.Finance has always been widely recognized as an important part of social and economic activities.We attach importance to the role of finance in poverty alleviation and poverty alleviation,and continue to introduce new policies to promote the improvement of financial services and the national poverty alleviation measures.The profit-seeking nature of capital has prompted the financial system to show significant exclusion from poor groups.The poor people cannot access the financial products and services they need,and the effect of financial poverty alleviation is hard to come by.The proposal of “Inclusive Finance” in 2005 provided new ideas for solving the problem of financial exclusion.In 2006,“Inclusive Finance” was officially introduced into China.In December 2015,the State Council drafted the “Promoting Inclusive Financial Development Plan(2016-2020)”,marking that China's inclusive financial development is advancing in a more coordinated manner.In his 2017 government report,Premier Li Keqiang pointed out that “strengthening the development of inclusive finance” was included in the annual work focus.In February 2018,the People's Bank of China and the World Bank jointly issued "China's Inclusive Finance in a Global Perspective:Practice,Experience and Challenges".The release of the report is a summary of the inclusive financial China experience.It is undeniable that the development achievements of inclusive finance in China have already emerged.However,for inclusive finance that emphasizes inclusiveness and promotes financial fairness,narrowing the gap between the rich and the poor and reducing poverty are important to its development,but not its only.The goal is that inclusive finance still follows a commercialized and market-oriented business model,emphasizing the affordability of costs and the sustainability of operations.This requires that the concept of inclusive finance cannot be completely equated with policy finance and poverty alleviation finance.Therefore,from the perspective of inclusiveness,analyzing the impact of China's inclusive finance on poverty has important theoretical and practical significance for making full use of financial service resources,improving the effectiveness of financial products and services,and promoting China's goal of poverty alleviation and poverty alleviation..First of all,Through the combing of domestic and international research dynamics,it defines the core concepts of inclusive finance and poverty,and introduces the relevant theoreticalfoundations of the impact of inclusive finance on poverty.Research provides theoretical support.Secondly,combined with the definition of the previous concept and related theories,from the objective point of view,describe the development of China's inclusive finance and the status quo of poverty,and draw on the research results of predecessors and scholars to select the indicators for the 30 provinces of China(excluding Tibet)from 2005 to 2016.The inclusive financial level is measured,and the inclusive financial index and various dimensional indices are used to evaluate the development level of inclusive finance and the development level of inclusive finance in each province,and provide quantitative analysis for the research.Thirdly,from the theoretical perspective,through the panel threshold regression model,it demonstrates the non-linear effects of inclusive finance and inclusive finance on poverty,and provides a basis for the follow-up countermeasures.Finally,it puts forward relevant countermeasures for China's inclusive financial poverty alleviation.The key point is to build a differentiated inclusive financial system based on the “threshold” and establish and improve the supporting mechanism of the inclusive financial service system to promote The greatest play of the role of poverty reduction in all dimensions.