Welcome to the Working Group on Investment in Inclusive Finance in China.A large portion of China’s population does not have access to the financial services it needs. Most people use informal financial services, which limits their possibilities and leaves them vulnerable to abuse and fraud. Besides, the government is concerned by how this situation constrains its ability to implement economic and monetary policy and puts in jeopardy its goal of social harmony. Since 2005 it has promoted microfinance as a business in existing institutions and as the main product of a set of new business models. The guidelines for China’s new microfinance business models include a possibility for both local and foreign private investment.
Investors and the government see both advantages and disadvantages to private investment in inclusive finance in China. WMFG believes that the success of private investment can be greatly helped by open and regular communication between the government and investors. For this reason, it has joined forces with Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) to create a Working Group on Investment in Inclusive Finance in China.
The objectives of the Working Group are to promote inclusive finance in China, mutual exchange of information and learning, responsible investor behavior and supportive government policies.
For a more detailed description of the Working Group for Investment in Inclusive Finance in China and options for becoming a Partner or Member, please
contact us.
