Analysis On The Development Of Inclusive Finance Business Of Commercial Banks

Since the concept of inclusive finance was proposed by the United Nations in2005,China,as the world’s largest developing country and the second-largest economy,has attached great importance to this concept.Inclusive finance is the best choice to eradicate poverty,increase employment rates,and enhance financial inclusiveness.Against the backdrop of a constantly changing business environment and the rise of unilateralism in the international arena,China has entered a new era of socialist modernization,and it needs to gather strength to meet challenges.Internal stability and promoting orderly economic growth are crucial,and therefore,implementing inclusive finance policies is an inevitable choice.In recent years,the People’s Bank of China,government agencies,and tax bureaus,among other functional departments,have issued relevant policies and documents to promote the development of inclusive finance.In particular,in 2017,the signal to encourage large and medium-sized commercial banks to establish inclusive finance departments has attracted widespread attention.Bank institutions occupy an important position in the entire economic and financial system,and commercial banks are the main part of the entire bank institution system.Commercial banks not only implement inclusive finance policies but also innovate inclusive finance products to promote the development of inclusive finance.Therefore,improving the development capability of commercial banks’ inclusive finance business and expanding the scope of inclusive finance services is of great significance for the long-term sustainable development of inclusive finance in the whole society.Based on an integrated understanding of the concept and industry background of inclusive finance,this study takes Ping An Bank,a core joint-stock commercial bank in China,as a case study to investigate its current status,problems,underlying causes,and future development strategies related to inclusive finance business.By conducting extensive reading and organizing related literature,as well as consulting relevant data and information,this study focuses on four key aspects.Firstly,the concept of inclusive finance is defined and analyzed in terms of its value,features,unique policy significance in China,and basic theoretical principles to provide a theoretical foundation for subsequent research.Secondly,the origins,development history,and current operation status of Ping An Bank are reviewed in a timeline format to provide a basic framework for understanding the case study.Thirdly,by collecting and analyzing relevant data of Ping An Bank,the study examines the bank’s inclusive finance business development in personal inclusive loans,micro and small enterprise loans,and rural revitalization.Finally,by further analyzing the specific data from multiple dimensions,this study identifies the existing problems and underlying causes in the process of Ping An Bank’s inclusive finance business development,and proposes targeted strategies for the bank’s future development in inclusive finance business.At last based on the research background,structure,and content discussed above,this paper draws several conclusions.Firstly,Ping An Bank has achieved remarkable results in the development of inclusive finance,especially in the areas of small and micro enterprise loans and rural revitalization.Secondly,Ping An Bank still faces some challenges in the inclusive finance field,such as slow development of inclusive finance business,unclear statistics on inclusive business,and increasing risk.Finally,in order to further enhance Ping An Bank’s development in the field of inclusive finance,this paper proposes a series of targeted measures,including actively responding to national policy support,strengthening the research and development of inclusive loan products,improving risk management,and building a talent team.In conclusion,the findings of this study on Ping An Bank’s development in the field of inclusive finance have certain reference value for the development direction of the entire joint-stock commercial banking industry in this area.