| As a socialist country,the broad masses of the people are the masters of the country,and "common prosperity" is the essential requirement and goal of socialism.However,since the reform and opening up,the economic development of China’s rural areas has been lagging behind that of cities and towns,and the income of rural residents is low,and the state has put forward strategies such as "rural revitalization" for this purpose.At the same time,China has begun to develop inclusive finance since 2013 and provide financial services to vulnerable groups,and inclusive finance has become one of the reasonable ways to move towards "common prosperity".In the above context,through the summary and analysis of the current research status at home and abroad,this thesis finds that most scholars believe that inclusive finance has a significant impact on the income of rural residents,but the analysis of the role path of existing research is not perfect enough,making theoretical research insufficient to guide the development of inclusive finance in specific links.The research in the field of rural industrial development and farmers’ income increase provides new ideas for this thesis,prompting this thesis to conduct in-depth analysis from the perspective of the intermediary effect of industry.This thesis analyzes the theory of inclusive finance,and combines the relevant theories such as industrial structure upgrading and agricultural industrialization,and puts forward the research hypothesis of this thesis.This thesis speculates that inclusive finance can meet the financial needs of individual residents,thereby directly increasing the income of individual residents,from the three aspects of wide coverage,suitable business types and intelligent digital systems.And inclusive finance can solve the problem of capital flow in local industries,affect the production scale of local industries,promote the upgrading of local industrial structure,and then benefit residents.Subsequently,by consulting relevant materials,this thesis analyzes the current situation of inclusive finance and rural development in China,and explores the remaining deficiencies in development.At the same time,this thesis verifies the above theoretical speculation by returning the relevant data by means of fixed effect model and mediation effect model.The study found that:(1)The main body of inclusive finance in China is state-owned banks and some Internet financial enterprises,but there is a big difference in the development of inclusive finance between the two,and there is a lack of cooperation.(2)The coverage of inclusive finance has increased year by year and tended to peak,but the business type of inclusive finance is still lacking,and rural residents have not been able to make good use of the digital platform.(3)There has been industrial transformation in rural areas,and there are financial needs for the development of traditional industries and new industries.(4)Inclusive finance can directly promote the income of rural residents.(5)The breadth of coverage,depth of use and level of digitization of inclusive finance have all played a role in promoting the income of rural residents,but the level of digitalization has played a small role.(6)Inclusive finance can increase the income of rural residents by promoting the expansion of the production scale of major industries in rural areas.(7)The results of the national sample regression show that inclusive finance cannot promote the income growth of rural residents by improving the local industrial structure.The results of the return of sub-regions show that the development of inclusive finance can promote the upgrading of the industrial structure in the western region,but the upgrading of the industrial structure cannot promote the increase of rural residents’ income.The development of inclusive finance in the central region can promote the upgrading of the industrial structure,but the upgrading of the industrial structure has inhibited the income of rural residents.Inclusive finance in the eastern region plays a positive role in upgrading the industrial structure,and the upgrading of the industrial structure can also promote the income growth of rural residents.Through the above research,this thesis finds the intermediary role of industrial development in the process of inclusive finance affecting the income of rural residents,and also finds the shortcomings in the specific measures of China’s financial institutions through the analysis of the current situation.Finally,this thesis combines the research results of the previous article and puts forward relevant suggestions.The government should continue to plan the development of inclusive finance,strengthen financial supervision,call for multi-party cooperation,and introduce policies to guide grass-roots self-help organizations such as agricultural cooperatives to help inclusive finance.Financial institutions should launch more types of products,strengthen intelligent risk control,cooperate with the government to popularize financial knowledge in rural outlets,solve problems for rural residents with difficulties,and also pay attention to local conditions and promote the development of inclusive finance according to the specific situation of local rural areas. |
