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Access to Finance: Microfinance Innovations in the People’s Republic of China

Author

Listed:
  • Asian Development Bank (ADB)
  • Asian Development Bank (ADB)

    (East Asia Department, ADB)

  • Asian Development Bank (ADB)

    (East Asia Department, ADB)

  • Asian Development Bank (ADB)

Abstract

The People’s Republic of China (PRC) has adopted a more market-oriented approach by promoting rural microfinance, pursuing bottom-up innovations such as group lending, various forms of guarantees, new financial products based on purchase orders and insurance policies, and better incentives for agriculture funding from financial institutions. In 2009, the PRC sought the assistance of the Asian Development Bank to study how to optimize policy choices in rural finance using both top-down and bottom-up approaches. This report presents the findings of that rural microfinance study, including valuable lessons learned from several pilot microlending programs conducted in selected provinces in the PRC. It then analyzes outstanding issues in the country’s rural and microfinance markets that need to be addressed more vigorously.

Suggested Citation

  • Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Access to Finance: Microfinance Innovations in the People’s Republic of China," ADB Reports RPT135633-2, Asian Development Bank (ADB).
    • Handle: RePEc:asd:wpaper:rpt135633-2
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