Financial inclusion in China [electronic resource] : policy, experience, and outlook / Hongmei Zhu, Wenting Zhang.

Unlimited

Authorized users

Can lend chapters, not whole ebooks

Financial inclusion in China [electronic resource] : policy, experience, and outlook / Hongmei Zhu, Wenting Zhang.

9789819956630 (electronic bk.)
9819956633 (electronic bk.)
9819956625
9789819956623

Singapore : Springer, 2023.

English

1 online resource

10.1007/978-981-99-5663-0 doi

HB180.C5

338.951

This book aims to provide first-hand information for readers who are concerned about inclusive finance and sustainable development by summarizing Chinas policy measures and practical innovations in the development of inclusive finance and expects to provide Chinas experience for the development of inclusive finance in more regions. From a worldwide perspective, a large number of people had been excluded from formal financial services for a long time due to various factors. Even in developed economies with sound financial systems, relatively disadvantaged groups are often denied access to effective financial services. In 2005, the United Nations proposed the concept of Inclusive Finance, emphasizing the extension of financial services to less developed regions and low-income groups in society at an affordable cost by improving financial infrastructure and providing them with reasonably priced and convenient financial services. In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development, making inclusive finance an important focus for achieving sustainable development. It has become a global consensus to vigorously develop inclusive finance. China has attached importance to improving financial services for disadvantaged groups such as rural residents, micro-, small and medium enterprises (MSMEs) and others. In 2013, Developing Inclusive Finance became Chinas national strategy. In 2015, China formulated the Plan for Promoting the Development of Inclusive Finance (2016-2020). In 2016, during its presidency of the Global Partnership for Financial Inclusion (GPFI), China proposed the issue of "Digital Financial Inclusion" and issued the G20 High-level Principles for Digital Financial Inclusion at the G20 Hangzhou Summit in the same year. Through policy guidance and active practice by the financial sector, China has gradually formed a unique development model of inclusive finance and achieved remarkable successes. Physical outlets, service machines and online service channels have been improved, and basic financial services have generally covered both urban and rural areas. The financial services for rural households and MSMEs have improved significantly. The efficiency and convenience of financial services have been significantly improved, and the satisfaction of financial services has significantly increased. China's experience in inclusive finance has been recognized by the international community. In 2017,five cases from China were selected in the G20 report on Digital Financial Inclusion: Emerging Policy Approaches.

Includes bibliographical references.

Access limited to authorized users.

Online resource; title from PDF title page (SpringerLink, viewed September 28, 2023).

Print version: 9789819956623

Online Resources > Ebooks
All Resources