Disadvantages of Bank of Central China's inclusive finance business

China is a vast country with uneven economic development and different levels of regional development, and it is a big challenge to comprehensively promote financial inclusion. In recent years, the pseudo-innovation under the banner of "financial inclusion" has flourished in China, infringing on the legitimate rights and interests of financial consumers, and to a certain extent, disrupting the financial order and affecting social stability.

In this case, how to achieve financial inclusion "cost can be covered" "risk can be controlled" still need to be further explored.

To change the shortcomings and problems of inclusive finance, in addition to increasing the government's capital investment and policy support, and doing a good job of building infrastructure and credit environment, it is important to promote the further development of China's inclusive finance through the in-depth application of digital technology and innovation.

In September 2016, the Hangzhou Summit of the Group of Twenty (G20) released the "High-Level Principles of Digital Inclusive Finance," which proposed that "Digital Inclusive Finance (DigitalInclusiveFinance)".

There is no doubt that DigitalInclusiveFinance leading is an important way out for the sustainable development of inclusive finance. From the bank level, the key is to adhere to the principle of commercial sustainability, relying on financial technology to innovate products and services, exploring new modes of inclusive financial development, taking the road of digital inclusive financial development, and enhancing the capacity and efficiency of inclusive financial services.