A Case Study Of Qianhai WeBank’s Thorough Practice Of Inclusive Finance With The Assistance Of Fintech

In the short term,the year 2020 is not only the final year The13 th Five-Year Plan,but also a year for China to achieve poverty alleviation and a well-off society in an allround way.Inclusive finance has played an important role in achieving these results.From a long-term perspective,under the trend of our country’s economic development and the deepening of financial reforms,supporting and serving substantial economy will be the main line of the future development of financial industry,and the main force among them is small and medium-sized enterprises that plays an even more important role in Socio-economic development.This objectively requires us to pay more attention to the development of inclusive finance.Also,with the increasingly close connection between technology and finance,the application of related technologies in the financial field has become more and more frequent,and the new format of Digital inclusive finance has also emerged.Shenzhen Qianhai We Bank was the earliest established among the first private banks in China and Premier Li Keqiang witnessed the issuance of the first loan.This paper takes Qianhai We Bank as an example to develop inclusive finance with the help of Fin Tech,and analyzes how We Bank,as the first group of pioneers,finds its best application under the background of the deep integration of information technology and finance and the rapid development of financial technology.The way to break through the bottleneck of traditional inclusive financial development,innovate inclusive financial products,build an inclusive financial business system,and realize an inclusive financial development model with affordable costs and sustainable operations.First of all,i will sort out the pain points and difficulties that We Bank has in developing inclusive finance,mainly: high cost of inclusive finance development and poor commercial sustainability;difficulty in matching transaction entities;Online operation transactions have strict requirements on network security.Then analyze how We Bank uses Fintech to improve these problems,and focus on We Bank’s Inclusive Finance Development Model.Compare and analyze the sustainability of its operation in the field of inclusive finance.And for how to develop inclusive finance in the future,it puts forward suggestions from two different perspectives of emerging Internet financial institutions and traditional financial institutions.It is hoped that this will provide reference and reference for other enterprises to explore the path of inclusive finance and develop inclusive finance business.After analysis,Qianhai We Bank has used Fintech to empower inclusive finance to successfully reach farmer,self-employed,small and micro enterprises and other "long tail" fields that are difficult to achieve by traditional banks in less than 8 years,Solving many problems such as time and space constraints,high costs,high risks and complicated procedures encountered in the development of inclusive finance business in the past.Starting from the demand side,new Fintech products are launched according to the characteristics of inclusive audiences,which effectively fills the gap in the financial market.It is a successful case of practice in the field of inclusive finance.