Evaluation Of The Status Quo And Development Level Of Inclusive Finance In China

Since 1978,with the continuous improvement of the level of economic development,China has become the second largest economy in the world.Its GDP ranks second in the world,and its economic influence in the world is increasing.However,the development of China's financial industry is uneven,and inadequate issues are gradually exposed.The frnancing difficulties of small and micro enterprises,low-income groups and disadvantaged groups have always been the focus of social attention.At the same time,for some groups,financial There is a serious surplus of services.Such a model is not only not conducive to the realization of a reasonable economic structure,but also affects the harmony of society and the fundamental goal of economic development.Therefore,since the proposal,inclusive finance has received much attention.Pratt&Whitney emphasizes that each social group,every citizen,and every enterprise can enjoy the proper financial services in a fair and efficient manner so that every citizen can Feel the convenience that finance brings to life.Building inclusive finance is an important task for China's economic deepening reform.At this stage,development of inclusive finance has been promoted to an important strategic level.Over the years,China has successively introduced various policies to promote the development of inclusive finance,not only in terms of In China,building inclusive finance has long since become the vision of the people of all countries in the world.After making a description of the status quo of China's inclusive financial development,it has been found that in recent years,China's inclusive financial construction has achieved remarkable results in many aspects.However,it is worth noting that China's financial exclusion phenomenon is obvious and rural areas are more financially developed than urban areas.The level is poor and rural finance is lagging behind.At the same time,there is a big gap between the development of inclusive finance in different regions.The development of inclusive finance in the eastern region is much better than that in the western region,and at the same time the development of different provinces in the same region.There are also large differences in levels,and financial development in relatively backward areas is often lagging behind.Therefore,it is necessary to make a detailed study on the current level of inclusive finance in China in order to change the current situation.Based on the principles of reliability,feasibility,and comprehensiveness,the empirical part of this article selects the appropriate target,establishes a quantitative model that describes the development level of inclusive finance,and measures the comprehensive scores of inclusive finance for 31 provincial-level units in China.The empirical part of the article uses factors.Based on real and reliable data,the analytical method quantifies the degree of construction of inclusive finance in these 31 regions in 2016 and compares them,and concludes that China's overall financial inclusion level is not high,and concludes from a regional perspective.In-depth analysis,from the geographical distribution point of view,there is a significant geographical difference in the degree of universal inclusion of finance in various regions.The financial coverage of the coastal areas,especially the Pearl River Delta and the Yangtze River Delta,is relatively high,but the vast central and western regions The comprehensive scores of inclusive finance in the region were significantly lower than those in the coastal regions,mainly due to differences in economic foundations,different inclinations of policies,and different local government support.Finally,combining the above theoretical basis and empirical research conclusions,starting from the national conditions of our country,we put forward corresponding policy recommendations according to supply and demand.