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Opinion / Hot Words

普惠金融 (puhui jinrong): Inclusive finance

(China Daily) Updated: 2015-03-19 08:05

In this year's Government Work Report, Premier Li Keqiang spoke of efforts to ensure equitable and inclusive access to financial services.

Inclusive finance refers to the provision of appropriate and effective financial services through preferential policies, strengthening the economic system and improving the financial sector. Small and micro business owners, farmers, urban low-income groups, disabled people, the elderly and other special social groups in need will be the beneficiaries of more inclusive finance.

Inclusive finance will mean effective access to financing and loans for these disadvantaged groups that always face difficulties in attaining loans. This will not only stimulate the market, it will also provide opportunities for innovations in all social sectors. More and more small and micro businesses will obtain financial support through new inclusive financing channels such as P2P and micro-credit loans.

Inclusive finance should implement open market operations with the support of preferential government policies. It's expected that improving the range, quality and efficiency of micro financial services will be one of the key tasks of China's financial work this year.

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