Inclusive finance refers to providing appropriate and effective financial services to all social strata and groups with financial services needs at affordable cost according to the requirements of equal opportunities and the principle of sustainable business.

That is to help people in need to increase financial subsidies and financing opportunities. At present, small and micro enterprises, farmers, urban low-income people, the poor, the disabled, the elderly and other special groups are the key service targets in inclusive finance.

Inclusive finance attaches importance to poverty eradication and social equity, but this does not mean that inclusive finance is a public welfare activity aimed at low-income people. Pan Guangwei, secretary of the Party Committee of China Banking Association, pointed out that inclusive finance is not charity and aid, but helping the beneficiary groups to improve their hematopoietic function. We should adhere to the principle of commercial sustainability, adhere to the combination of marketization and policy support, establish and improve the incentive and restraint mechanism to ensure sustainable development.

Tips: The above contents are for reference only.

Reply time: February 2022-14. Please refer to the latest business changes announced by Ping An Bank in official website.