An Empirical Study On The Factors Influencing The Development Level Of Iclusive Finance In Henan Province

The United Nations first interpreted the concept of "inclusive finance"in the "International Microfinance Year" publicity conference held in 2005.It first originated from microfinance and then realized the microfinance in the development process.Comprehensively transcending,the aim is to uphold the basic principles of equal opportunity and business sustainability,and provide affordable income to farmers,small and micro enterprises,and low-income urban residents in a variety of ways based on acceptable costs.Suitable for financial support.At the current stage,improving the inclusive financial system has become an important topic for research at home and abroad.Although the concept of inclusive finance has been introduced relatively late in China,the Chinese government attaches great importance to it.The Third Plenary Session of the 18th CPC Central Committee officially proposed"developing inclusive finance and encouraging financial innovation" and pointed out that inclusive finance should be promoted to enrich the diversification of financial markets.The Central Leading Group made a guiding opinion on the future development of Inclusive Finance in the 2015 resolution.As a populous province and a large agricultural province in the central region,Henan Province has short-term economic structure,low independent innovation capability,and low level of urbanization.The problems of" agriculture,rural areas and farmers" and insufficient credit supply of small and micro enterprises remain More prominent,the economic development of each district and county is uneven.Therefore,studying the issue of inclusive finance in Henan Province can effectively promote the sustainable economic development of Henan Province and maintain social harmony and stability.In this context,this paper conducts an empirical analysis of the relevant influencing factors of the development level of Pratt&Whitney in Henan Province.This paper first introduces the origin and concept of inclusive finance,outlines the research background and significance,proposes the main research contents and application methods,and summarizes relevant research literature at home and abroad.Secondly,it summarizes the development status of inclusive finance in Henan Province,and then analyzes the current situation of Henan’s economic development from the aspects of financial demand,financial supply,and domestic and international policy environment.The fourth part of the article follows the principles of comprehensiveness,objectivity and availability,draws on domestic and foreign scholars’ research methods,and adopts the Inclusive Financial Development Index(IFI)to address the development of inclusive finance in Henan Province and various cities from 2006 to 2017.At the level,the research and analysis were carried out to determine the relevant influencing factors.Eview8.0 was used to perform multiple linear regressions.The stepwise regression method was used to eliminate the collinear variables,and the influencing factors were empirically tested to analyze the development level of inclusive finance and each The correlation between the influencing factors shows that the development level of inclusive finance in various cities of Henan Province is uneven,and the level of development among regions is significantly different.The level of inclusive financial development and economic development,the proportion of urbanization,human capital,and Internet coverage.The rate and government participation have obvious positive correlations;and the income gap between urban and rural residents has a significant negative correlation.Finally,based on the results of empirical tests,specific recommendations were made from government policies,financial institutions,and financial consumers.