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

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): East Asia Department, ADB
Asian Development Bank (adb): East Asia Department, ADB

No RPT135633-2, ADB Reports from 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.

Keywords: People's Republic of China; Microfinance; Rural Finance; Financial Innovation; Rural Financial Market; Rural Financial Institution; Rural Financial Supervision; MSE Finance; Rural Financing Difficulty; Chanyeyuan; Value Chain; Cooperative Financing; Mutual Aid Fund; Microfinance Development; Agriculture Loan; Poverty Reduction (search for similar items in EconPapers)
Pages: 128 pages
Date: 2015-01
New Economics Papers: this item is included in nep-cna, nep-ias, nep-ino, nep-mfd, nep-sea and nep-tra
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