Ex­pand­ing in­clu­sive fi­nance

China Daily (USA) - - APEC SPECIAL -

The gov­ern­ment’s Plan for Ad­vanc­ing In­clu­sive Fi­nance De­vel­op­ment (2016-20) de­fines in­clu­sive fi­nance as: “Pro­vid­ing fi­nan­cial ser­vice to all so­cial strata and groups with de­mands for ap­pro­pri­ate and valid fi­nan­cial ser­vices, at af­ford­able cost, based on the prin­ci­ples of op­por­tu­nity equal­ity and com­mer­cial sus­tain­abil­ity. Small and mi­cro busi­nesses, farm­ers, ur­ban low­in­come groups, im­pov­er­ished groups, the dis­abled, the aged and other spe­cial groups are the fo­cus of in­clu­sive fi­nance in China.” There are about 19 mil­lion small and mi­croen­ter­prises, 51.65 mil­lion in­di­vid­ual busi­ness own­ers, and 200 mil­lion farmer house­holds in China.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.