Research On The Development Of Inclusive Finance In China’s Large Commercial Banks

The concept of Inclusive Finance was first put forward by the United Nations at the end of 2003.It means that vulnerable groups excluded from the traditional financial system for a long time can obtain financial services in an effective and dignified way,and requires financial institutions to achieve sustainable development on the premise of controllable risks.In 2008,the international financial crisis had a huge impact on the stability of the global financial system.After reflection,countries generally attached great importance to reforming the financial system and adjusting the financial structure.As a result,Inclusive Finance attracted wide attention and in-depth promotion.In China,the development of Inclusive Finance has become a basic consensus of the whole society.In 2013,the concept of Inclusive Finance was formally put forward at the Third Plenary Session of the Eighteenth Central Committee.At the end of 2015,the Central Government promulgated the Plan for Promoting the Development of Inclusive Finance(2016-2020),which became the first top-level design involving inclusive financial services in China.It not only clarifies that the development of Inclusive Finance is an important part of building a well-off society in an all-round way in China,but also marks that Inclusive Finance has risen to the national strategy.Developing inclusive financial services can improve the imbalance of financial development in China,solve the problem of inconsistency between financial supply and people’s increasing demand for financial services,enhance the ability of financial services to the real economy,promote the construction of China’s modern market economy system,and is also an inevitable requirement for the early realization of a well-off society in an all-round way.As an important component and backbone of the financial system,China’s large commercial banks shoulder the heavy burden of state-owned capital.They should always maintain a long-term vision to promote the development of a harmonious society and promote the realization of development strategies,actively carry out social responsibility,and become the backbone of the development of inclusive finance.In 2017,the Government Work Report requires large state-owned commercial banks to take the lead in setting up inclusive financial departments.So far,the position and direction of inclusive financial development have been clarified.In order to further analyze the series of issues of the development of Inclusive Finance in large commercial banks,this paper mainly studies from the following six aspects.Firstly,it elaborates the background and significance of the topic,combs and analyses the relevant literature at home and abroad,and points out the innovation and shortcomings of the article.Secondly,starting from the theoretical basis of inclusive finance,the evolution process of Inclusive Finance is analyzed,and the new characteristics of Inclusive Finance Development in China after entering a new era are pointed out.Thirdly,it introduces the responsibilities and advantages of the large commercial banks in developing Inclusive Finance in China.Fourthly,as a commercial bank aiming at serving "agriculture,countryside and farmers",the Agricultural Bank of China(ABC)model in the field of Inclusive Finance is analyzed with the case of agricultural behavior.With the formal financial institutions becoming the main force in the development of inclusive finance,the role of large commercial banks has emerged.Combined with relevant data analysis,the achievements of large commercial banks in implementing inclusive finance are analyzed.At the same time,the risks and business sustainability of large commercial banks in the operation process are explained.Finally,from the internal and external operating environment,the paper puts forward some countermeasures and suggestions for the development of inclusive financial business of commercial banks.