Abstract
Since 2008 a series of financial policies have been introduced, microfinance development has entered a new stage. As a branch of microfinance, microcredit also ushered in a significant opportunity for rapid development. Commercial Banks, microcredit companies and other financial institutions have launched microcredit products for small and micro businesses and individuals. After a period of practice, there are a lot of problems remain to be solved. By analyzing the development stage of microcredit in China, this paper explores the existing problems in the development of microcredit in China and puts forward relevant suggestions on the premise of distinguishing the concepts of microfinance and microcredit.
Highlights
As a branch of microfinance, microcredit ushered in a significant opportunity for rapid development
By analyzing the development stage of microcredit in China, this paper explores the existing problems in the development of microcredit in China and puts forward relevant suggestions on the premise of distinguishing the concepts of microfinance and microcredit
From 2005 to 2018, Chinese government and regulatory authorities strongly supported the development of microfinance business, regional small and medium-sized banks
Summary
From 2005 to 2018, Chinese government and regulatory authorities strongly supported the development of microfinance business, regional small and medium-sized banks. The domestic microfinance business was facing an important opportunity and receiving a lot of attention from the whole society; on the other hand, microfinance business development is limited by various aspects. In the favorable policy situation, Chinese microcredit business will enter a stage of rapid development
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