Research On The Development Of Inclusive Finance In Large Commercial Banks

On May 3,2017,Premier Li Keqiang presided over the executive meeting of the State Council,at which he decided to deploy and promote large and medium-sized commercial banks to set up inclusive financial business units,focus on small and micro enterprises and "agriculture,rural areas and farmers" to improve their service capabilities.In addition,with the continuous development of China's economy,the contradiction between the growing demand for financial services of small and Micro customers and the inefficient services of financial institutions becomes more and more prominent.Inclusive finance refers to the appropriate and effective services provided to all groups with financial needs from different levels of society on the basis of affordable costs.The key service groups of Inclusive Finance are the vulnerable groups,such as the lower income population,farmers,small and micro enterprises,etc.Inclusive Finance,as a financial system providing services for all social classes and groups,especially the poor and low-income people,is an effective way to solve this contradiction.According to the current situation of inclusive financial development in China,the state attaches great importance to the development of inclusive financial business,and the inclusive financial market has formed a good development trend.However,the contradiction between the supply of service content and the demand of small and Micro customers still exists.Due to the large number of small and Micro customers,how to provide better financial services and promote commercial banks to better develop inclusive financial industry Business is the problem noted in this paper.Therefore,by comparing and analyzing the differences between a bank in S Province and other domestic and foreign commercial banks in the development of Inclusive Finance,this paper points out the existing problems and solutions in the development of Inclusive Finance business of a bank in S Province.In terms of research content,firstly,this paper expounds the background,significance,the role of developing Inclusive Finance,domestic and foreign research reviews and related conceptual theories.It is clear that this paper will adopt the methods of combination of theory and practice,case analysis and comparative analysis.Then,taking the development of Inclusive Finance in large commercial banks as the research object,taking a bank in S Province as an example,this paper discusses the current situation from the aspects of product structure,department setting,basic policies,etc.there are still poor timeliness,strict access approval,lagging innovation of financing products,and lack of market supervision in the aspect of Inclusive Finance for small and micro enterprises in commercial banks The reasons for the lack of policy coherence and the lack of industry team building include the factors of both commercial banks and the government.From the perspective of commercial banks,inclusive finance has serious cognitive problems,customer demand can not be met,and comnercial banks lack initiative awareness of risk control.From the perspective of the government,credit system and credit environment are lack,and there is serious information asymmetry between banks and enterprises.At the same time,combined with the actual situation of the case of S Province,SPSS statistical analysis software is used to analyze the correlation between the frequency of enterprise capital shortage and bank credit,as well as the correlation between enterprise scale and enterprise financing behavior.At the end of the paper,three specific suggestions are put forward on how to carry out the future development of Inclusive Finance:first,to build a perfect inclusive financial system,mainly from three aspects:first,to speed up the construction of the credit system of Inclusive Finance;second,to improve its supervision mechanism;third,to strengthen the support for laws and regulations.Secondly,we should establish an effective inclusive financial market,that is,strengthen the construction of inclusive financial infrastructure,promote the marketization of interest rates,and improve the credit guarantee mechanism;thirdly,we should innovate inclusive financial instruments,that is,innovate credit products,develop inclusive financial insurance and provide diversified comprehensive services.In the research and analysis,based on the current new background and new situation,the research is carried out from the perspective of Inclusive Finance.In the research,the group oriented analysis of Inclusive Finance is attempted,involving the objective oriented subjective factors of Inclusive Finance.In the reason of financing difficulty,the subjective cognitive reasons of small and micro enterprises are considered,which is innovative.However,due to the lack of data disclosure of large commercial banks on the development of Inclusive Finance,there is a certain lack of data acquisition and analysis in the research.Moreover,many ideas put forward in the paper have not been put into practice for the time being,and still stay at the theoretical level.Therefore,the policy suggestions put forward can not see the real effect from the reality.In addition,the operability,cost and other problems in the scheme design can not be determined specifically due to various conditions.