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What is Financial Inclusion

Chapter 13

The Role of Financial Inclusion for Reaching Sustainable Development Goals

The effort to make financial products and services accessible and affordable to all individuals and businesses, regardless of their income level or social status. It aims to remove barriers that exclude people from participating in the formal financial system.

Published in Chapter:

Financial Inclusion in China: Determinants, Implications, and Path Forward

Mohamad Zreik (School of International Studies, Sun Yat-sen University, China), Sharifah Zannierah Syed Marzuki (Universiti Teknologi MARA, Malaysia), and Badar Alam Iqbal (Vaal University of Technology, South Africa)

Source Title: The Role of Financial Inclusion for Reaching Sustainable Development Goals

DOI: 10.4018/979-8-3693-0522-5.ch013

Abstract

In this chapter, the authors examine the causes, consequences, and potential development of financial inclusion in China. It explores how factors including financial literacy and regulatory settings, as well as novel financial inclusion strategies, have shaped China's inclusive financial system. It examines the effects of financial inclusion on several economic and social metrics. The chapter finishes with suggestions for improving financial inclusion in China, which might serve as examples for other countries, and identifies emerging areas of study and theoretical discourse.