Since the rural revitalization strategy was proposed at the 19th National Congress of the Communist Party of China, rural finance and financial inclusion have become a new blue ocean.
The 2022 Annual Conference of the Boao Forum for Asia (BFA) was held on April 20-22 at Boao, in China's Hainan province, under the theme of "The World in COVID-19 & Beyond: Working Together for Global Development and Shared Future".
China unveiled its “No 1 central document” for 2022 – “Opinions of the Central Committee of the CPC and the State Council on Fulfilling the Key Work of Comprehensively Promoting Rural Revitalization in 2022”.
Rural revitalization and common prosperity are the goals of China in the coming years and the key to achieving them lies in micro and vulnerable economy.
How can we solve the above problems? An important means is to further protect consumers' legitimate rights and interests and ensure the positive effects of financial services. "We will start with the protection of micro-entities' rights and interests to lay a solid foundation for their financial health."
...Therefore, financial resources cannot sink to the bottom market as expected. Inclusive finance aims to eliminate the original inequality, but the question is how to reach the target group precisely.
In short, the development of green finance for carbon neutrality should strike a balance between development and emission reduction, short-term and medium and long-term goals and between the global and local development. Therefore, we should demonstrate determination and pull wisdom of the whole nation to find solutions. I believe that’s also what this forum is all about.
In the new era and in our new journey, the financial sector bears the responsibility to take well-coordinated steps toward making our people prosperous, our nation strong, and our country beautiful through high-quality financial inclusion, thus effectively promoting the common prosperity of all Chinese people.
