People's Bank of China: Analysis Report on Inclusive Finance Indicators in China

The year 2024 is a key year for achieving the goals and tasks of the "Fourteenth Five-Year Plan". Faced with a complex and challenging situation of increasing external pressure and internal difficulties, the People's Bank of China and other financial regulatory departments adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and take multiple measures to increase financial supply in key areas and weak links, vigorously promote the high-quality development of inclusive finance, and provide more effective services to the real economy. In order to monitor and evaluate the development of inclusive finance in China in 2024, the People's Bank of China organizes the customary inclusive finance questionnaire survey and indicator reporting, reflecting the development of inclusive finance from multiple dimensions such as usage, accessibility, and quality. Based on the comprehensive indicator data and relevant situations, the relevant departments deeply grasp the political and people-oriented nature of financial work and take multiple measures to improve the quality and efficiency of inclusive finance development. They will continue to play a guiding role with monetary policy tools, provide a good monetary and financial environment for the development of inclusive finance; implement the "25 measures" to support the private economy in finance, carry out the capacity-building project for financial services to small and micro enterprises, standardize supply chain financial services such as electronic vouchers for receivables, and promote the establishment of a long-term mechanism for lending to those who dare to borrow, are willing to borrow, able to borrow, and able to repay. They will further implement special actions to support the comprehensive revitalization of rural areas, improve the rural financial services system, and channel financial resource supply to rural revitalization. They will continue to improve the quality of financial services in people's livelihood areas, enrich and diversify the supply of financial products around financial needs in key areas such as entrepreneurship, employment, and education for key groups; enhance the basic credit service function of the central bank, optimize the layout of the credit market, and further improve the quality and efficiency of credit information sharing; optimize and improve services such as bank accounts, digital currency, and cash to ensure a wide coverage, differentiated and diverse payment service channels; actively participate in international governance of inclusive finance, deepen and promote long-term topics of inclusive finance in the G20 such as small and medium enterprise financing and digital inclusive finance, actively link with and cooperate with the Alliance for Inclusive Finance, and continuously deepen international cooperation, exchanges, and mutual learning in inclusive finance.