Thursday, January 15, 2015

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[IWS] World Bank: [CHINA] ACCESS TO FINANCE: MICROFINANCE INNOVATIONS IN THE PEOPLE'S REPUBLIC OF CHINA [15 January2015]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

World Bank

 

ACCESS TO FINANCE: MICROFINANCE INNOVATIONS IN THE PEOPLE'S REPUBLIC OF CHINA [15 January2015]

http://www.adb.org/publications/access-finance-microfinance-innovations-peoples-republic-china

or

http://www.adb.org/sites/default/files/publication/153012/access-finance-microfinance-innovations-prc.pdf

[full-text, 130 pages]

 

The People's Republic of China has taken a more market-oriented approach and promoted institutional reforms in rural microfinance since 2005.

 

The People’s Republic of China (PRC) has adopted a more market-oriented approach by promoting rural microfinance, pursuing bottom-up innovations such as group lending, various forms of guarantees, new financial products based on purchase orders and insurance policies, and better incentives for agriculture funding from financial institutions. In 2009, the PRC sought the assistance of the Asian Development Bank to study how to optimize policy choices in rural finance using both top-down and bottom-up approaches. This report presents the findings of the rural microfinance study, including valuable lessons learned from several pilot microlending programs conducted in selected provinces in the PRC. It then analyzes outstanding issues in the country’s rural and microfinance markets that need to be addressed more vigorously.

 

Contents

 

Foreword

Rural Financial Innovation in the People’s Republic of China

Rural Financial Regulation and Supervision

MSE Finance

Financing the Agricultural Value Chain

NGO Microfinance: The Case of CFPA Microfinance

Village Development Mutual Aid Funds: The Case of Sichuan

Lessons and Future Directions

References

 

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