An Analysis Of The Propulsion Mechanism Of Inclusive Finance In Underdeveloped Agricultural Areas Based On Actor Network Theory

Promoting financial inclusion is regarded as a key strategic way to achieve stable and fair economic growth,reduce poverty,and promote the sharing of development achievements.It has also become an important direction for financial reform in many countries after the international financial crisis..China attaches great importance to the work of inclusive finance.Since the Third Plenary Session of the 18 th Central Committee of the Party formally proposed“developing inclusive finance”,a series of policies have been issued to support rural inclusive finance in rural areas from the central government to local governments,our country's Inclusive Financial practice is at the forefront of the world.However,the imbalance in the development of inclusive finance among regions is still outstanding,especially in less developed regions,inclusive finance faces many difficulties.How to effectively promote inclusive finance has become an important issue to be solved urgently in rural development in underdeveloped areas.Existing studies have shown that inclusive financial development is a systematic project,a process in which financial institutions interact closely with the local environment,many participants and technical means interact intensively and work collaboratively,requiring coordinated action in many ways.This study takes Lankao County,China's first inclusive financial reform pilot area,as an example,and analyzes the interaction between the local financial development process and the multiple relevant entities in the process of inclusive financial promotion based on the actor network theory,in order to analyze from a new perspective The local inclusive finance propulsion mechanism provides policy recommendations for effectivelypromoting the development of rural inclusive finance in less developed areas.Analyzing the financial development process of Lankao County and the inclusive financial propulsion mechanism,we can draw the following conclusions.(1)The financial development of Lankao County is divided into three stages: the establishment of the inclusive financial pilot zone,the construction and the operation.Before the pilot area was established,the financial service system in Lankao County was weak,and financial exclusion was more serious.With the approval of the pilot zone and the implementation of the “one platform,four systems”inclusive financial model,the financial development level of Lankao County has been greatly improved.(2)Before the establishment of the inclusive financial reform pilot zone,commercial financial institutions were the core actors,and a market-oriented network of actors with commercial interests as the core was formed.The core actors and other actors failed to form a close relationship and stable In the network of actors,the problem of financial exclusion in Lankao County is relatively prominent.(3)During the construction of the inclusive financial reform pilot zone,Lankao County gradually formed a new model with local government as the core actor,the People's Bank of China Zhengzhou branch as an out-of-zone knowledge center,and financial institutions,village collectives and other economic subjects as the main participants.Actors Network.Promote the development of inclusive finance through measures such as strengthening the credit awareness of villagers and enterprises,improving financial infrastructure,and promoting the integration of financial functions and grassroots management functions.(4)During the operation of the Inclusive Finance Reform Pilot Zone,the People's Government of Lankao County formed an inclusive financial system by mobilizing all parties to form a good financial ecological environment and an autonomous mechanism using communities and inclusivefinancial service stations as carriers.Embed inclusive finance in County,Township and Village to achieve long-term sustainable development of inclusive finance.(5)In the transformation process of rural financial development in Lankao County from exclusion to inclusive,the change of core actors is the key factor,the guidance of knowledge centers outside the district,the introduction of community-building mechanisms and the change in recruitment methods also play an important role.Complete realization of rural inclusive financial development requires continuous efforts.How to adjust the structure of the actor network according to the changes in inclusive financial and rural development stages,so as to achieve business sustainability is an important issue facing inclusive financial development in the future.Therefore,based on the analysis results,this study further puts forward inclusive financial development suggestions such as giving full play to the government's guiding role,perfecting the supporting service platform,taking advantage of digital inclusive finance and eradicating local characteristics.This article is based on the actor network theory to analyze the development process of local inclusive finance,which is a new attempt.However,this research still has certain deficiencies,mainly reflected in the limited description of the actors involved in it,and the cultural and institutional factors The analysis still needs to be deepened and the research case needs to be expanded.