Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons
China has achieved remarkable success in financial inclusion. China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly in the past two decades and is now on par with that of other G-20 countries. Traditional financial service providers have dramatically...
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World Bank and People's Bank of China
2018
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| Online Access: | http://hdl.handle.net/10986/29336 |
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okr-10986-293362021-05-25T09:11:22Z Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons World Bank Group People's Bank of China FINANCIAL INCLUSION ACCOUNTABILITY AGENT BANKING FINTECH REVOLUTION FINANCIAL TECHNOLOGY DIGITAL FINANCE RURAL FINANCE MICROFINANCE MICROCREDIT INTERNET BANKS CONSUMER PROTECTION China has achieved remarkable success in financial inclusion. China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly in the past two decades and is now on par with that of other G-20 countries. Traditional financial service providers have dramatically increased the reach of the formal financial sector, including through the world’s largest agent banking network. China has also been an established leader in the fintech revolution, with new technology-driven providers transforming how millions of Chinese consumers make payments, borrow, save, invest, and insure themselves against risk. This report examines in detail China’s approach to financial inclusion over the past 15 years. The report benchmarks China’s progress against peer economies and analyzes key developments and factors in China’s financial inclusion experience. The report also outlines remaining challenges to achieving further advances in financial inclusion in China, and distills key lessons policymakers from other countries can learn from China’s experience. The report was written jointly by the People’s Bank of China (PBOC) and the World Bank Group. 2018-02-08T15:45:22Z 2018-02-08T15:45:22Z 2018-02 Report http://hdl.handle.net/10986/29336 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank and People's Bank of China World Bank and People's Bank of China Economic & Sector Work :: Other Financial Accountability Study Economic & Sector Work East Asia and Pacific China |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| topic |
FINANCIAL INCLUSION ACCOUNTABILITY AGENT BANKING FINTECH REVOLUTION FINANCIAL TECHNOLOGY DIGITAL FINANCE RURAL FINANCE MICROFINANCE MICROCREDIT INTERNET BANKS CONSUMER PROTECTION |
| spellingShingle |
FINANCIAL INCLUSION ACCOUNTABILITY AGENT BANKING FINTECH REVOLUTION FINANCIAL TECHNOLOGY DIGITAL FINANCE RURAL FINANCE MICROFINANCE MICROCREDIT INTERNET BANKS CONSUMER PROTECTION World Bank Group People's Bank of China Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| geographic_facet |
East Asia and Pacific China |
| description |
China has achieved remarkable success in financial inclusion. China’s rate of account ownership – a basic metric of financial inclusion – has increased significantly in the past two decades and is now on par with that of other G-20 countries. Traditional financial service providers have dramatically increased the reach of the formal financial sector, including through the world’s largest agent banking network. China has also been an established leader in the fintech revolution, with new technology-driven providers transforming how millions of Chinese consumers make payments, borrow, save, invest, and insure themselves against risk.
This report examines in detail China’s approach to financial inclusion over the past 15 years. The report benchmarks China’s progress against peer economies and analyzes key developments and factors in China’s financial inclusion experience. The report also outlines remaining challenges to achieving further advances in financial inclusion in China, and distills key lessons policymakers from other countries can learn from China’s experience. The report was written jointly by the People’s Bank of China (PBOC) and the World Bank Group. |
| format |
Report |
| author |
World Bank Group People's Bank of China |
| author_facet |
World Bank Group People's Bank of China |
| author_sort |
World Bank Group |
| title |
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| title_short |
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| title_full |
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| title_fullStr |
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| title_full_unstemmed |
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons |
| title_sort |
toward universal financial inclusion in china : models, challenges, and global lessons |
| publisher |
World Bank and People's Bank of China |
| publishDate |
2018 |
| url |
http://hdl.handle.net/10986/29336 |
| _version_ |
1764469093528764416 |