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Achievements in the Development of Inclusive Finance in China

In: Financial Inclusion in China

Author

Listed:
  • Hongmei Zhu

    (Beijing Academy of Social Sciences)

  • Wenting Zhang

    (Research Institute of the People’s Bank of China)

Abstract

The development of inclusive finance in China adheres to the combination of government guidance and market leadership, the integration of improving basic financial services and improving financial services in key areas, as well as continuing to deepen international exchanges and cooperation in inclusive finance. The development of inclusive finance in China, through the joint efforts of the government and market players, has made remarkable achievements, where basic financial services have been provided in all urban and rural areas, and the financial services for farmers and small- and micro-sized enterprises have improved significantly. Thanks to the wide application of digital technology and other technological innovations, the efficiency and convenience of financial services have been greatly promoted.

Suggested Citation

  • Hongmei Zhu & Wenting Zhang, 2023. "Achievements in the Development of Inclusive Finance in China," Springer Books, in: Financial Inclusion in China, chapter 0, pages 135-156, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-5663-0_7
    DOI: 10.1007/978-981-99-5663-0_7
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