In 2020，facing the impact of the new crown epidemic on the economy and society，the focus of inclusive financial services across the country will continue to sink，basic services will be improved，and product supply will become more diverse. In order to coordinate the promotion of epidemic prevention and control and economic and social development，Shandong continues to deepen the reform of the supply-side structure. The province’s inclusive small and micro enterprise loan extension rate and the proportion of credit loans are among the highest in the country. This report continues to use the indicator system of the “Shandong Inclusive Finance Development Report （2019）”，and selects 13 indicators to measure the Shandong Inclusive Finance Development Index from the three dimensions of availability，usage，and service quality. We found that the Shandong Inclusive Finance Development Index in 2020 is 103.58，an increase of 3.58% over 2019. The problems reflected by the Shandong Gray Financial Development Index are that the support of banking financial institutions to small and micro enterprises needs to be further strengthened，the digital financial service system needs to be further improved，and the local financial organization team needs to be further expanded. In response to these issues，it puts forward development suggestions for building a diversified inclusive financial institution system，optimizing the construction of a credit information system，standardizing the development of digital inclusive financial products and services，and accurately carrying out the popularization of inclusive financial knowledge.