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The Internal Mechanism of Inclusive Finance Promoting Common Prosperity and High-quality Development

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DOI: 10.23977/ferm.2023.060914 | Downloads: 36 | Views: 481

Author(s)

Zhang Xinliang 1

Affiliation(s)

1 School of Marxism, Zhejiang Financial College, Hangzhou, China

Corresponding Author

Zhang Xinliang

ABSTRACT

Common prosperity stands as a shared objective pursued by the entire population. Inclusive finance, serving as a crucial avenue within the financial supply-side reform, aligns with the principles of common prosperity. It is inherently congruent with the rich traditional Chinese values of 'equity' and 'welfare for the people.' Inclusive finance advancement must prioritize people's needs and address existing challenges. As an exemplary zone for showcasing common prosperity, Zhejiang has exemplified the 'Zhejiang experience' through its practical implementation of inclusive finance, notably in digital inclusive finance. This endeavor plays a pivotal role in propelling the high-quality development of common prosperity.

KEYWORDS

Financial inclusion, Common prosperity, Internal mechanism, Practice

CITE THIS PAPER

Zhang Xinliang, The Internal Mechanism of Inclusive Finance Promoting Common Prosperity and High-quality Development. Financial Engineering and Risk Management (2023) Vol. 6: 107-113. DOI: http://dx.doi.org/10.23977/ferm.2023.060914.

REFERENCES

[1] Selected Works of Marx and Engels (Volume 2) [M], Beijing: People's Publishing House, 2012 edition, p. 787.
[2] Selected Important Documents since the 19th National Congress (in Chinese) [M], Beijing: Central Literature Publishing House, 2021 edition, p. 800.
[3] Han Qingxiang and Liu Leide, "On the Philosophy of Universal Benefit," Journal of Jianghai, Vol. 1, No. 1, 2019.
[4] He Dexu, "Developing a New Frontier of Financial Development with Chinese Characteristics," Economic Daily News, October 12, 2022, p. 12.
[5] Peking University Huang Yiping. Zhejiang's vivid practice of digital financial inclusion is of world significance. [EB/OL]. See Zhejiang News Client November 4, 2021.

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