The Central Bank of the Republic of China released its China Inclusive Finance Indicator Analysis Report (2024–2025), based on a routine nationwide questionnaire and indicator data collection to monitor inclusive finance conditions in 2024. The report concludes that inclusive finance continued to improve in coverage and quality, with stronger support for rural revitalisation, greater credit support for private and small businesses, and upgrades to credit information and payment services. Key 2024 developments cited include rising agriculture-related lending and broader loan coverage for formerly impoverished populations, continued growth in credit to private firms, and inclusive small and micro enterprise lending showing higher volumes, lower pricing and improved quality, alongside rapid growth in lending to technology-focused small and medium-sized enterprises and higher access to credit. The digital renminbi pilot expanded to 17 provinces (municipalities) covering 26 local areas, while the number of bank settlement accounts increased and account service efficiency improved. Supporting measures referenced include use of monetary policy tools, implementation of the “25 measures” to support the private economy, a programme to strengthen financial services for small and micro enterprises, and standardisation of supply chain finance activities such as electronic accounts receivable vouchers, as well as the launch of a national small and micro enterprise fund-flow credit information sharing platform and expanded coverage and use of credit information databases and registries for movable-asset financing. The report also notes growing government-backed financing guarantee activity, continued inclusive finance pilots at the Beijing Stock Exchange and the National Equities Exchange and Quotations, stable issuance and outstanding volumes of rural revitalisation bonds and asset-backed securities, further development of agricultural derivatives and “insurance plus futures” projects, and expanded inclusive insurance and agricultural insurance risk protection, alongside ongoing participation in G20 inclusive finance work and engagement with the Alliance for Financial Inclusion.
Central Bank of the Republic of China 2025-11-07
Central Bank of the Republic of China publishes 2024–2025 inclusive finance indicators report highlighting expansion of digital renminbi pilots to 26 areas
The Central Bank of the Republic of China released its China Inclusive Finance Indicator Analysis Report (2024–2025), highlighting improvements in inclusive finance coverage and quality, with enhanced support for rural revitalisation and small businesses. Key developments include expanded digital renminbi pilots, increased lending to technology-focused SMEs, and strengthened financial services for small enterprises. The report also notes stable issuance of rural revitalisation bonds and expanded inclusive insurance and agricultural risk protection.