Thursday, January 15, 2015
Tweet[IWS] World Bank: [CHINA] ACCESS TO FINANCE: MICROFINANCE INNOVATIONS IN THE PEOPLE'S REPUBLIC OF CHINA [15 January2015]
IWS Documented News Service
_______________________________
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
________________________________________________________________________
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
[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
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.