Abstract: This paper develops a set of indicators to measure financial inclusion in China. Based on the international experience and China’s local context, we establish an indicator system of financial inclusion consisting of 19 indicators under three dimensions: accessibility, usage and quality of financial services. We employ the Analytic Hierarchy Process to determine the weights of the indicators, gather data from all provinces, and calculate the 2013 China Financial Inclusion Development Index by which we can compare the financial inclusion levels across regions. We analyze and explain the levels of these indicators, and provide policy recommendations for improvement. This paper is the first formal attempt to measure financial inclusion at the provincial level in China. It has both theoretical and policy implications for future development of financial inclusion in China.

Full report ：An Empirical Study of China's Financial Inclusion