What is HP Finance?

Hewlett-Packard Finance is generally defined as providing financial products and services such as savings, insurance, credit, trust, etc., and providing credit support to those who are difficult to obtain credit support from formal financial institutions but have certain income sources and solvency. It is a financial method developed outside the traditional formal financial system. Simply put, it is a form of finance that allows more people who could not enjoy financial services to enjoy financial services.

1983 known as the "poor banker", Professor Muhammad Yunus, the founder of Grameen Bank, founded Grameen Bank, which is a rural bank dedicated to providing small loans to the poorest Bangladeshis. In the past 30 years, Bangladesh Yunus Rural Bank has successfully implemented a special microfinance model for poor farmers in Bangladesh. Its specific operation is to provide micro-bank loans to the poorest people in Bangladesh through banks, so that these people who can not get credit under the usual financial system can have the start-up funds for development. He won the Nobel Peace Prize for this. "We believe that poverty does not belong to civilized human society, it belongs to museums. After 65 years of this conference, we will definitely create a world without poverty. " Muhammad? Yunus said.

Since then, the concept of HP Finance was born. According to the definition of the World Bank, inclusive finance enables everyone to enjoy timely, dignified, convenient and high-quality financial services at appropriate prices when they have financial needs.

Because it embodies the harmonious financial concept of "financial rights are also human rights" and enables all those who need finance to enjoy financial services equally, it has been highly praised by investors all over the world.

At present, inclusive finance is a frequently discussed topic in China. Inclusive finance in China faces two problems: First, inclusive finance narrowly focuses on poverty alleviation, thinking that poverty alleviation is inclusive finance, and his concept is biased; Second, China's financial industry has lost its development direction and orientation.