Research On Measurement Of Development Level Of Inclusive Finance In China And Its Influencing Factors

China's rapid development has also given rise to many problems,among which is the imbalance of development.For example,there is a serious imbalance between regions and between urban and rural areas.In order to improve this situation,it is decided to develop inclusive finance.Inclusive Finance,focusing on common benefits,aims to enable more people to enjoy financial services and get help,reducing the imbalance in social development,which is also the focus of current economic development.In order to deepen the understanding of inclusive finance,this paper first introduces the concept,relevant theories and development stages of inclusive finance from the background of inclusive finance.Secondly,it introduces the current situation of inclusive finance development in China from the aspects of supply and infrastructure.It is found that there is an imbalance in the supply of funds,and infrastructure construction still cannot cover all aspects.Therefore,inclusive finance development has certain difficulties.Then.on the basis of understanding the current situation,starting from the five aspects of banking development,micro-loan company status,insurance status.agriculture-related status and residents' living status,15 indicators are selected.Based on the annual data of 31 provinces from 2010 to 2016,the development level of inclusive finance in China is measured.The results show that only 11 provinces and cities have a lower overall development level than the national average level in the seven years.After measuring the development level of inclusive finance in various provinces,taking the measured development level as the dependent variable,and starting from eight aspects,16 independent variables are selected.Through regression analysis,the factors that play a major role in the development of inclusive finance are discussed.The conclusion is that the five factors,namely.the proportion of old-age insurance participants in the total number of people.the proportion of illiterate people over 15 years old,the expenditure on agriculture,forestry and water,the expenditure on financial supervision and the proportion of added value of financial industry in GDP,play a major role in the development of inclusive finance.Finally,according to the results of regression analysis and the actual operation of the governlent in the past,relevant suggestions are put forward from three aspects of the government,financial institutions and the public.It is believed that the government should strengthen the ability of capital regulation and system improvement,financial institutions should continuously improve their innovation ability,and the public should strengthen financial awareness and thus improve their participation ability.