A Study On The Influence Of Domestic Financial Exclusion In Rural And Urban Areas Of China

With the development of the economy,the level of financial development has been continuously improved,but there is a real dilemma of unbalanced development of financial services between rural and urban areas.The problem of financial exclusion is that some urban and rural residents,for various reasons,have no free access to financial products and services.The existence of financial exclusion hinders the healthy development of the financial sector and is contrary to the inclusive financial system.Through the study of financial exclusion,especially the dual problem of urban and rural financial exclusion,we can put forward countermeasures to solve the dual problem of urban and rural financial exclusion,promote the development of finance and economy,and promote the construction of an inclusive financial system.Financial exclusion has become a hot issue,as opposed to inclusive finance.At present,most of the existing literature has started from a macro perspective,and relatively few studies have been conducted from a microfamily perspective.This article uses the 2016 China Household Tracking Survey data as an analysis object and uses the ordered probit model to estimate.Starting from the sociology of family,the characteristics of economics,the sociological characteristics of the head of household,the living atmosphere of the residents,and the characteristics of the residents,the differences between urban and rural families affected by financial exclusion are explained.The study found that for urban and rural households as a whole: household economy,social characteristics,household head social characteristics,residents 'living atmosphere and other factors have a different degree of impact on the exclusion of financial products;The factors such as household economy,social characteristics,head of household social characteristics and residents 'personality characteristics have different effects on insurance exclusion.The factors such as household economy,social characteristics,head of household social characteristics,and residents 'personality characteristics have different effects on loan exclusion.At the same time,the study also found that urban and rural households are significantly affected by financial exclusion factors are different.For urban families: the social,economic characteristics of the family,the social characteristics of the head of the household,the residents 'living atmosphere,residents' personality characteristics and other factors have a different degree of impact on the exclusion of financial products;Household economy,social characteristics,head of household social characteristics,residents 'personality characteristics and other factors have a different degree of impact on insurance,loan exclusion.However,for rural households,factors such as household economy,social characteristics,head of household social characteristics,and residents 'personality characteristics have a different degree of influence on financial products,insurance,and loan exclusion.The study also found that the same factor had different effects on the financial exclusion of urban and rural households,and the same factor had higher effects on the financial exclusion of urban households than on rural households.The conclusion of this paper is helpful to further understand the difference between urban and rural families affected by financial exclusion.It is of great practical significance to solve the dual problem of urban and rural financial exclusion and to construct an inclusive financial system.