Assessment Of Inclusive Financial Development In Commercial Banks

Inclusive finance refers to the provision of appropriate and effective financial services at affordable cost to all segments and groups of society with financial services needs,based on the principle of equal opportunity and business sustainability.In order to accelerate the realization of building a well-off society in an all-round way,the third Plenary session of the 18 th CPC Central Committee adopted a resolution on comprehensively deepening reform,emphasizing "developing inclusive finance ".The Plan for the Development of Inclusive Finance(2016-2020)issued by the State Council on December 31,2015 clearly defined the overall goal of "establishing an inclusive financial service and security system suitable for building a well-off society in an all-round way ".Structure of inclusive financial services and security systems.Building is not something that an individual can do.It requires the broad participation of different institutions at all levels.As the main body of implementing inclusive finance,banking financial institutions play a leading role in promoting the development of inclusive finance.In the face of the financial development under the new situation in our country,we should study the evaluation of inclusive finance in banking financial institutions according to the innovative inclusive finance theory,so as to promote the practice of inclusive finance in an all-round and systematic way.The Plan for the Development of Inclusive Finance(2016-2020),issued by the State Council,emphasizes "the establishment and improvement of an inclusive financial index system,based on data provided by relevant departments of inclusive financial management,To effectively integrate and screen it,and use it as the basis of the design of the index system for statistics,analysis and reflection of the development of inclusive finance in various regions and institutions," it requires "speeding up the establishment of a monitoring and evaluation system to promote inclusive financial development,andimplementing dynamic monitoring and tracking analysis ".Therefore,the evaluation of the development of inclusive finance in commercial banks has not only important theoretical value,but also important practical value.This paper first combines the literature review about inclusive finance,and makes a thorough theoretical analysis of inclusive finance theory and related elements of inclusive financial system as a whole,which lays a theoretical foundation for the full text.With this At the same time,it analyzes the significance of commercial banks participating in the construction of inclusive financial system,and the necessity of constructing inclusive financial index system.The second is to construct the index system of inclusive financial evaluation of commercial banks,based on the principle of highlighting the characteristics of banking institutions,following the trend of financial development and focusing on the financial business of less developed regions,and to construct the evaluation index system including 4first-level indicators,10 second-level indicators and 19 third-level indicators.The third is to construct the evaluation index system of six state-owned commercial banks,such as Industrial and Commercial Bank of China,China Construction Bank,China Merchants Bank,Pudong Development Bank and other 12joint-stock commercial banks,representative city commercial banks such as Beijing Bank and Shanghai Bank A total of 20 commercial banks as a sample,supported by the relevant data disclosed from 2017 to2019,using principal component analysis and cluster analysis to evaluate and analyze the development degree of inclusive finance in each bank,which directly reflects the degree of development of inclusive finance in various banks in recent years.It is found that the evaluation index system is suitable for the evaluation of inclusive finance development of commercial banks;the development level of inclusive finance of state-owned commercial banks is relatively high,and the development level of inclusive finance of some joint-stock commercial banks and urban commercial banks is relatively low;there are also greatdifferences in the development level of inclusive finance between the same types of commercial banks.Most After that,on the basis of the previous research,some countermeasures and suggestions are put forward to improve the development level of inclusive finance of commercial banks,that is,commercial banks should change their original understanding,strengthen the investment of human,material and financial resources in less developed regions,strengthen the investment of inclusive business,carry out the innovation of inclusive product design,enhance the comprehensive strength of commercial banks themselves,realize the self-transformation to digital inclusive as soon as possible,pay attention to risk prevention,and get out the road of sustainable development of inclusive suitable for their own characteristics,etc.