Study On The Development Of Inclusive Finance In Rural Areas Of Turpan City

Developing Inclusive Finance is an important strategy in the financial field after China's economy enters the "new normal".Inclusive finance is the development and Transcendence of micro-credit and micro-finance.It aims to provide a sound financial system and more effective financial services for all sectors of society,especially for the rural population,low-income people,poor people and other vulnerable groups excluded by traditional financial services.And vulnerable areas.Turpan is located in the hinterland of the Eurasian continent.With the strategic concept of "one belt and one road" put forward,Turpan has been given the key strategic hub position as an important transportation hub for the new Silk Road and the Eurasian Continental Bridge.However,because of the large proportion of rural population and the incomplete development of rural financial services,this paper,on the basis of the study of the frontier trends at home and abroad,carries out the development of financial services in rural areas of Turpan from 2008 to 2017,constructs the inclusive financial development index of rural areas of Turpan,and on this basis,influences the development of inclusive financial services in rural areas of Turpan.The factors of the exhibition are empirically analyzed to expand the depth of theoretical research and provide guarantee for the economic development of Turpan.The study found that:(1)Generally speaking,the inclusive financial development index of rural areas in Turpan showed an upward trend from 2008 to 2017,and exceeded a high level of development in the four years from 2014 to 2017,indicating that the financial environment of rural areas in Turpan has been improving in recent years.(2)According to the weight proportion of the indicators of the inclusive financial index in rural areas of Turpan,the number of points in the network of financial institutions and the number of employees,which are the most basic and should play the most critical role,is relatively small,which shows that the permeability of financial institutions Services in rural areas is not high enough,and financial institutions are not in place in providing rural financial services.(3)Through the empirical analysis of the influencing factors of inclusive financial development in rural areas of Turpan,it is found that the income gap between urban and rural areas,the level of urbanization,the Internet penetration rate and the efficiency of financial development are significantly related to the development of inclusive financial in rural areas of Turpan.Finally,based on the empirical analysis of the influencing factors of Inclusive Finance in rural areas of Turpan and the analysis of successful cases of Inclusive Finance in China,this paper respectively enhances the coverage of financia infrastructure in rural areas,promotes the level of informatization,strengthens the innovation of financial products and services,strengthens farmers'credit awareness,improves the construction of credit system and improves farmers' education level.To strengthen the popularization of inclusive financial knowledge,countermeasures and suggestions are put forward in four aspects.