Research On The Influence Of Fintech On The Chinese Inclusive Finance

Through the new technology-based form,Fintech promotes the coverage of financial institutions' services to be further enhanced,making it easier for more people to access financial services.With the rapid development of Fintech,people gradually focus on the fields related to Finteh.At home and abroad,more in-depth analysis and Research on Fintech has gradually begun.In recent years,China has made remarkable achievements in the development of financial science and technology,such as thirdparty payment and network lending.Existing studies have found that China's financial science and technology has played a certain role in promoting the development of Inclusive Finance in the process of expanding scale and continuous development.However,the impact of Fintech on Inclusive Finance is dynamic and diverse,and financial science and technology will also bring problem to the development of inclusive finance,and ultimately hinder the development of inclusive finance..Based on this point of view,this paper focuses on the following issues: What role and impact does Fintech have on inclusive financial development? How does it promote and hinder inclusive finance? How can we realize the sustainable development of Fintech?In order to answer the above questions,this paper will build a correlation between Fintech and inclusive financial development in China,and studies and analyses the impact of Fintech on inclusive financial development in China.Under the current research background,this paper reviews the literature on the relationship between Fintech,Inclusive Finance and the two at home and abroad.On the basis of previous studies,this paper makes a theoretical analysis of the correlation between Fintech and Inclusive Finance development,puts forward corresponding hypotheses,and verifies the hypotheses through empirical analysis.Taking the provincial panel data from 2011 to 2017 as samples,this paper draws the following empirical results:(1)The impact of Fintech on inclusive financial development presents an inverted "U" structure;(2)The actual level of Fintech index is on the left side of the optimal solution,which has a positive impact on inclusive finance.(3)Fintech in the central and western regions have brought positive impacts on the development of inclusive finance.The impact of Fintech on inclusive financial development in eastern China is not significant.Based on the above conclusions,this paper clarifies the significant correlation between Fintech and inclusive financial development,the inverted "U" structure between Fintech and inclusive financial development,points out the differences of the impact of Fintech on Inclusive Finance in different regions,and provides a new direction and ideas for finding the optimal level of Fintech to promote inclusive financial development.Finally,according to the development of financial science and technology and Inclusive Finance in China,the paper puts forward some policy suggestions to enhance the development level of financial science and technology,focus on the development quality of financial science and technology,and promote the development of financial science and technology in different regions according to local conditions,and points out the limitations of this study and future research directions.