Research On The Development Of Inclusive Financial System In China

Inclusive financial system is a kind of finance for the purpose of helping the poorto get rid of poverty, providing the low-income group with insurance, savings, entrust,credit and other financial services and products. It is a financial model that isdeveloped independently of formal financial system. Inclusive finance idea is of greatsignificance to China, which has changed the inertia of thinking in the past,that is, to provide subsidies through low interest rate, it pursues sustainabledevelopment, and achieves common prosperity of the society finally.The article first introduces the concept and particularity of inclusive finance andthe necessity of developing countries building inclusive financial system. Thenanalyzes the development status of inclusive financial system in China, listing someclassical cases in China, further introduces the favorable conditions and restrictingfactors of development inclusive finance in China. Finally, I analyze the typicalinclusive financial models and their successful experience abroad, then put forwardsome policy recommendations to promote China’s inclusive financial development,including strengthening the inclusive financial infrastructure, developing variousforms of financial institutions, strengthening the innovation of financial products andso on.