Ping An Inclusive Finance Company Petty Loan Product Analysis

The term inclusive finance is derived from the English “inclusive financial system”and emphasizes inclusiveness.In other words,the target of inclusive finance is not only the rich but also includes some poor people who can't get financial service especially under the normal financial system.The inclusive finance,is to enable all people to have equal access to financial services.In the world,inclusive finance is booming.In a word,the concept of inclusive finance is to provide these poor people and small and micro enterprises with financial products and services so that their living standards can be improved.The inclusive finance is a necessary complement to the normal financial system.It is very important,and it is urgently needed for economic development.In today's world,there are a group of poor people,small and micro-enterprises that have difficulty accessing financial services and are excluded by the entire financial system.They have lost their right to financial services.This phenomenon is not conducive to the development and advancement of economic globalization.,so the development of inclusive finance is crucial.For individuals,the development of inclusive finance can increase the happiness index of residents.For the country,the popularization of inclusive finance can promote the development of small and micro enterprises,and through the development of small and micro enterprises,it can stimulate the entire domestic real economy.From a microscopic point of view,inclusive finance can enable the poor to enjoy financial services normally,which is conducive to the poverty-stricken people's eradication of poverty and prosperity,thereby enabling the country to eradicate poverty,improve the social well-being index,and promote social harmony and stability.The first part of this article introduces the definition and significance of inclusive finance and the status quo of development in China.Inclusive finance is an effective supplement to the formal banking system.Providing financial services to the poor,low-income groups,and micro and small enterprises plays a very important role in the economic development of a country.In China,inclusive finance is supported by the government and is in a period of vigorous development.The second part of this articledescribes the development history of Ping An Ping An Inclusive finance Company and the current performance growth.Ping An Inclusive finance Company is a company of Ping An Group.Since its establishment in 2015,it has grown rapidly,with rapid growth in performance and low bad debt ratio.The third part mainly analyzes Ping An Inclusive finance Company petty loan product,including the advantages and disadvantages of Ping An Inclusive finance Company petty loan product,and the product's own risk profile.Ping An Inclusive finance Company applied financial technology to risk control and was a leader within the industry.The fourth part proposes countermeasures and recommendations for Ping An's popularized microfinance products,including marketing,product design,and internal management.From a variety of angles,it has proposed a strong practicality and a strong operational approach.