Timeline of China's financial inclusion journey
| Year | Timeline of events |
|---|---|
| 1950s | Establishment of rural credit cooperatives (RCCs) |
| 2000s | Rapid marketization and privatization of the financial sector in China led to the closure of tens of thousands of financial service providers in rural areas |
| 2013 | The Chinese Communist Party (CPC) officially proposed to “develop inclusive finance” to deepen financial inclusion in China on November 12 in 2013 |
| 2015–2020 | Emergence of development-oriented financial service providers, policy banks and nonbank digital payment platforms such as fintech, bigtech and social finance networks to accelerate financial inclusion in China |
| Year | Timeline of events |
|---|---|
| 1950s | Establishment of rural credit cooperatives (RCCs) |
| 2000s | Rapid marketization and privatization of the financial sector in China led to the closure of tens of thousands of financial service providers in rural areas |
| 2013 | The Chinese Communist Party (CPC) officially proposed to “develop inclusive finance” to deepen financial inclusion in China on November 12 in 2013 |
| 2015–2020 | Emergence of development-oriented financial service providers, policy banks and nonbank digital payment platforms such as fintech, bigtech and social finance networks to accelerate financial inclusion in China |
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