(Economic Observation) How will China's inclusive financial supervision and development in the next five years make efforts?
China News Service, Beijing, November 12th. Title: How will China's inclusive financial supervision and development in the next five years make efforts?
China News Agency reporter Wei Xi
How will China's inclusive financial supervision and development work in the next five years? What are the key points that can be expected during the 14th Five-Year Plan?
Looking back at the past few years, although the development of China's inclusive financial system is still in its infancy, through the efforts of all parties, it has now shown the characteristics of diversified service entities, wider service coverage, and high utilization rate of mobile Internet payment.
At the same time, the development of inclusive finance faces many problems and challenges. For example, small and micro enterprises and disadvantaged groups have prominent problems of "financing difficult and expensive", financial resources are concentrated in economically developed regions, and the "digital divide" is prominent.
Solving these shortcomings is the main direction and focus of China's future development of inclusive finance.
At the "3rd China Inclusive Finance Innovation and Development Summit" held in Beijing on the 12th, experts from the regulatory and academic fields gave some directions on how to find "power points" for inclusive finance in the next five years.
Financial supervision methods? perfect!
Yin Youping, deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China, believes that “improving the level of financial technology and enhancing financial inclusiveness” should be a starting point, and the regulatory system and means should be further improved, while incorporating financial technology innovation into the regulatory system , To encourage and guide financial technology innovation to further enhance the ability and efficiency of financial institutions to service sinking.
Li Yang, chairman of the National Finance and Development Laboratory and member of the Chinese Academy of Social Sciences, believes that it is necessary to enhance the efficiency of inclusive financial services through the empowerment of financial technology, and coordinate innovation and supervision in the process of further development of financial technology.
Is there a digital divide? reduce!
Yin Youping said that the development of inclusive finance must always involve finance for the people and the people's livelihood, so that everyone can share the fruits of financial reform and development.
Especially in the development of digital financial inclusion, it is necessary to minimize the negative impact of the "digital divide" on groups in remote areas and the elderly, and develop and improve inclusive financial services that combine online and offline.
He believes that during the "14th Five-Year Plan" period, a warm inclusive financial capability system should be improved.
Although China's overall financial literacy and financial capabilities have improved, the financial literacy of some disadvantaged groups or the digital divide that they have created are not suitable for the need to prevent financial risks.
Therefore, in the future, it is necessary to solve the problems in this area by constructing a warm inclusive financial transaction capability system.
Development of key areas? stand by!
Yin Youping said that the next step is to strengthen support for key areas and promote a new pattern of "dual cycle" development.
Financial institutions should further optimize the structure of capital investment and increase support for consumption upgrades, as well as industrial chain upgrades, technological innovation, green development, rural revitalization, and new urbanization.
Wang Zhaoxing, Counselor of the State Council and former vice chairman of the China Banking and Insurance Regulatory Commission, emphasized that the financial supervision department should urge the basic-level banking financial institutions to return to their roots, focus on their main business, and better serve the real economy, growers, farmers, small and micro enterprises, and focus on financing difficulties. Achieve support and guidance for local financial institutions to better increase the development of inclusive finance while risks are controllable.
Disconnected people's needs? Fill it up!
Wang Zhaoxing believes that, in essence, inclusive finance still needs to provide access to and access to financial services for disadvantaged groups that are difficult to obtain and access to financial services, especially farmers and remote mountain people.
And while obtaining such financial services, it is not only convenient, but also more economical and more affordable.
Li Yang believes that only by clarifying the problem can the future development direction be clarified.
At present, the development of China's commercial finance and policy finance is generally good, but "cooperative finance" is a pain in my heart.
In rural areas, especially in underdeveloped areas, there is always a demand for cooperative finance.
However, China lacks a real, bottom-up, cooperative financial organization with greater positive effects. In fact, a cooperative financial vacuum has appeared.
Therefore, in the future, inclusive finance should make efforts to develop rural cooperative finance.
(Finish)