China Rural Finance
As the second largest economy in the world, China has come a long way in a very short period of time and many of its first tier cities, such as Beijing and Shanghai, feel like any other large international cities in Europe or America. But China is still a developing country, and this is readily apparent in its more rural areas. There, one can see the effects of polluted air, food, and rivers. Empty villages bear witness to water loss, soil erosion, and land desolation. While China has experienced an unprecedented period of modernization, the benefits have not been evenly enjoyed across the country.
Rural finance has consistently been a priority of several Chinese governments, but the public sector has struggled to overcome the challenges of providing financial solutions in 3rd and 4th tier markets across China.
Fintech and the efforts of a select number of third party financial players are working to bridge that gap and have made significant progress.
In this report from Kapronasia, we look at some of the key players in the rural finance space and how they are bringing new and innovative solutions to bring a large segment of China’s population into the financial fold.
Clients of Kapronasia’s Asia Financial Advisory Service can download this report. For more information on this report or any other of our reports, please email us research@kapronasia.com.
Related Reports
Related posts
Future-Proofing Digital Asset Custody: Why Asia Pacific Banks Must Act Now
Building a Data-Driven Culture: Transforming Financial Institutions
