Research On The Impact Of Inclusive Finance Development On National Welfare In Yangtze River Economic Belt

The direction of China's financial deepening reform is to encourage financial innovation and develop inclusive finance.One of its important purposes is to provide effective and appropriate financial services to all levels and groups of the whole society at low cost on the basis of equal opportunities.It is the significance of inclusive financial development to broaden the coverage of financial services,increase the depth of financial services,reduce the cost of financial services,optimize the allocation of financial resources,enhance social welfare,and increase national well-being.Although the introduction of Inclusive Finance in China is relatively late,it has developed rapidly.For the Yangtze River Economic Belt with a large geographic area,the imbalance between the financial and economic development of the region has led to the development of its financial,economic and social aspects.Obvious differences,the unreasonable distribution of financial resources,the drawbacks of the financial system,and the inability of equal access to financial services in poor areas can cause loss of national well-being.Therefore,under the guidance of the national policy of protecting people's livelihood,the development of inclusive finance has injected new impetus into the improvement of national welfare.This paper firstly combs the domestic and foreign literatures of inclusive finance and national welfare from three perspectives of connotation,level measurement and influencing factors,and defines the concept of inclusive finance and national welfare,then from economic income,social security and The three aspects of ecological environment summarize the impact mechanism of inclusive financial development on national welfare,and lay a theoretical foundation for the following research.Secondly,it analyzes the development status of inclusive finance in the Yangtze River Economic Belt from three aspects:financial policy,financial institution and deposit and loan quota,and selects 11 specific indicators from three aspects:penetration,use and deepening of financial services.The inclusive financial development index of the provinces and cities in the Yangtze River Economic Belt to measure the degree of inclusive financial development;analyze the status quo of the people's well-being in the Yangtze River Economic Belt from the aspects of people's life,social security and ecological environment,and from economic development,people's life,society In the four aspects of protection and ecological environment,21 specific indicators were selected to calculate the national welfare index of each province and city in the Yangtze River Economic Belt to measure the level of national welfare;based on the analysis of theory and current situation,the preliminary conclusions that the development of inclusive finance had a positive impact on national welfare were obtained..Then,according to the inclusive financial index and the national welfare index,the provincial panel data is used to empirically test that the inclusive finance promotes the improvement of the national welfare,and the system GMM method is used to test the regression results.The results show that The development of inclusive finance significantly promoted the improvement of national welfare;further conducted a sub-regional test on the data and found that the development of inclusive finance in the eastern,central and western regions has improved national welfare,and compared with the eastern and central regions,the development of inclusive finance in the west The promotion of the improvement of national well-being is more obvious.Finally,on the basis of the status quo and research conclusions of China's inclusive financial development and national welfare,it proposes to implement inter-regional differentiation of inclusive financial policies,strengthen financial innovation,strengthen inclusive financial publicity and education,and strengthen the external environment construction of inclusive finance.It is suggested that it can provide policy reference for the healthy development of inclusive finance and the promotion of national welfare.