Analysis Of The Impact Of Financial Technology On The Development Of Inclusive Finance In China

The concept of financial technology was born in the 90 s of last century,after more than 30 years of development,the current financial technology has been deeply integrated with the financial industry,the application of financial technology in the financial industry has strengthened the financial industry in the service and intermediary,resource allocation,wealth management and information transmission and other functions of the efficiency,thus greatly facilitating modern production and life activities.China’s current economy has leapt to the second place in the world,China’s financial industry has also made great progress in this process,the overall volume of the financial industry and the number of people served in the world’s leading level,compared with the overall rapid development of the financial industry,the development of inclusive finance in our country is more insufficient,due to China’s economic development in the geographical imbalance,the eastern region of the economy is more developed and the development of the central and western regions is more backward,so that China’s inclusive financial development There are many objective difficulties,medium and The western region has long had the problems of low breadth of financial services,insufficient financial depth,and low inclusiveness of financial development,while the combination of financial technology and financial industry in other countries and regions in the world has achieved outstanding results in solving the above problems.Studying the impact of financial technology on the development of inclusive finance is of great significance to improve the development level of inclusive finance in China.Using the models of literature analysis,theoretical analysis and empirical analysis,this paper explores the mechanism of financial technology development affecting the development of inclusive finance in 29 provinces(municipalities and autonomous regions)in China.In the literature analysis part,this paper sorts out the relevant literature of financial technology and inclusive finance at home and abroad,and summarizes the concept,development status and measurement methods of financial technology and inclusive finance.In the theoretical analysis part,based on information asymmetry theory and long-tail theory,the difficulties faced by the development of inclusive finance and the mechanism of financial technology to solve the above difficulties are explored,and relevant research hypotheses are put forward.In the empirical analysis part,this paper selects China’s fintech development index and inclusive financial development level index from 2014 to 2019 as research samples,constructs models,empirically analyzes the research hypotheses,and puts forward some practical policy suggestions to promote the application of fintech and the development of inclusive finance in China.