Research On The Level And Influencing Factors Of Inclusive Financial Development In Anhui Province

Inclusive Finance aims to eliminate financial exclusion and provide fair financial services for all groups.In 2017,the nineteen major reports of the party put forward a new era of socialism with Chinese characteristics.In the same year,general secretary Xi Jinping proposed the construction of inclusive financial system at the national financial work conference,and stressed that finance should serve the real economy.The development of Inclusive Finance is a necessary means to realize the financial service for the real economy,an important way to promote the building of a well-off society in an all-round way,and the core and focus of financial development in the new era.At present,the problem of Financial Exclusion in Anhui Province is more prominent,so it is urgent to develop Inclusive Finance to solve the existing problems of financial exclusion.The research of this paper is of great significance to monitor and promote the development of Inclusive Finance in Anhui Province.Firstly,this paper defines the concepts of Financial Exclusion,Inclusive Finance and digital Inclusive Finance,and clarifies the theoretical basis of financial innovation,financial development,financial resources and inclusive growth.Secondly,it analyzes the current situation of Inclusive Finance in Anhui Province from the aspects of banking,insurance,securities,credit and payment system,and points out the existing problems.Then,the paper constructs the inclusive financial index system with Anhui characteristics from three dimensions of usage,availability and quality.Then,on the basis of the index system,using IFI method and 2017 data to calculate the inclusive financial index of Anhui Province and all prefecture level cities in Anhui Province,that is,to measure the level of inclusive financial development,the results show that the development of inclusive financial in Anhui Province is unbalanced.And then establish the inclusive financial index as the dependent variable.The grey relation analysis model takes education level,information level,economic development level,scientific and technological development level and urban-rural economic gap as independent variables.Using 2017 data,this paper makes an empirical analysis on the influencing factors of inclusive financial development in Anhui Province.The results show that five factors have different effects on the development level of Inclusive Finance.Improving the level of economic development,narrowing the income gap between urban and rural areas,improving the education level of residents,improving the level of scientific and Technological Development and upgrading the level of information technology will help to improve the level of inclusive financial development.Finally,combined with the current situation of Inclusive Finance in Anhui Province,the existing problems,the measurement results of development level and the empirical analysis conclusions of influencing factors,put forward countermeasures and suggestions to promote the development of Inclusive Finance in Anhui Province.