Report

Toward Universal Financial Inclusion in China : Models, Challenges, and Global Lessons

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

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