Development of Inclusive Finance in China

Hongmei Zhu () and Wenting Zhang ()
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Hongmei Zhu: Beijing Academy of Social Sciences
Wenting Zhang: Research Institute of the People’s Bank of China

Chapter Chapter 2 in Financial Inclusion in China, 2023, pp 17-27 from Springer

Abstract: Abstract Inclusive finance practices in China began in the 1990s, when microfinance was introduced as a poverty alleviation concept and a credit technology. To adapt to economic and social development needs, inclusive finance has gone through four stages: a micro-finance focus stage, a comprehensive improvement of rural financial services stage, a poverty alleviation stage, and a stage of strengthening financial services for small and micro enterprises.

Date: 2023
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DOI: 10.1007/978-981-99-5663-0_2

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