An Empirical Analysis of Regional Disparity of Financial Exclusion Based on Types and Levels of Financial Institution

We make an empirical analysis of regional characteristics of influence factors of financial exclusion by using the data of types and levels of financial institutions in China from 1998 to 2012. The study shows that the number of financial institutions continues to increase, but with uneven distribution; the density of financial institutions increases steadily and the gap between the eastern regions and the Midwest is huge; the commercial banks of the eastern regions account for the highest proportion but the rate of basic outlets of the commercial bank is low, the rate of basic outlets of the rural institution bank is relatively higher, and the proportion of the Midwest rural banks is high. Even though the financial exclusion eases, large differences still exist in different areas and the situation is rather critical in rural areas, especially the financial exclusion in western rural areas is the worst. The economic development level, area scale, government expenditure, personal savings level, per capita consumption and educational level have different effects on financial exclusion. Accordingly, this paper puts forward the recommendations for coordinating the financial resource from all regions and reducing the regional financial exclusion.