Report
Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons
collection.link.133 |
https://openknowledge.worldbank.org/handle/10986/5998
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collection.link.78 |
https://openknowledge.worldbank.org/handle/10986/2186
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collection.name.133 |
Chinese PDFs Available
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collection.name.78 |
Other Financial Accountability Study
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dc.contributor.author |
World Bank Group
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dc.contributor.author |
People's Bank of China
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dc.date.accessioned |
2018-02-08T15:45:22Z
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dc.date.available |
2018-02-08T15:45:22Z
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dc.date.issued |
2018-02
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dc.date.lastModified |
2021-05-25T09:11:22Z
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dc.description.abstract |
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.
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dc.identifier.uri |
http://hdl.handle.net/10986/29336
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dc.publisher |
World Bank and People's Bank of China
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dc.rights |
CC BY 3.0 IGO
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dc.rights.holder |
World Bank and People's Bank of China
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dc.rights.uri |
http://creativecommons.org/licenses/by/3.0/igo
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dc.subject |
FINANCIAL INCLUSION
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dc.subject |
ACCOUNTABILITY
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dc.subject |
AGENT BANKING
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dc.subject |
FINTECH REVOLUTION
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dc.subject |
FINANCIAL TECHNOLOGY
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dc.subject |
DIGITAL FINANCE
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dc.subject |
RURAL FINANCE
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dc.subject |
MICROFINANCE
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dc.subject |
MICROCREDIT
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dc.subject |
INTERNET BANKS
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dc.subject |
CONSUMER PROTECTION
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dc.title |
Toward Universal Financial Inclusion in China
| en |
dc.title.subtitle |
Models, Challenges, and Global Lessons
| en |
dc.type |
Report
| en |
okr.crossref.title |
Toward Universal Financial Inclusion in China
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okr.date.disclosure |
2018-02-08
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okr.doctype |
Economic & Sector Work :: Other Financial Accountability Study
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okr.doctype |
Economic & Sector Work
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okr.googlescholar.linkpresent |
yes
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okr.identifier.doi |
10.1596/29336
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okr.identifier.report |
P158554
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okr.identifier.report |
123323
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okr.language.supported |
en
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okr.region.administrative |
East Asia and Pacific
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okr.region.country |
China
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okr.topic |
Finance and Financial Sector Development :: Access to Finance
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okr.topic |
Finance and Financial Sector Development :: Financial Literacy
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okr.topic |
Finance and Financial Sector Development :: Financial Regulation & Supervision
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okr.topic |
Finance and Financial Sector Development :: Insurance & Risk Mitigation
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okr.topic |
Finance and Financial Sector Development :: Microfinance
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okr.topic |
Finance and Financial Sector Development :: Rural Finance
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okr.unit |
Finance, Competitiveness and Innovation Global Practice
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