Ex-World Bank official calls for national strategy on inclusive finance

A former leading financial specialist at the World Bank said China urgently needs to develop a national strategy on inclusive finance.

Inclusive finance refers to a system that offers timely, convenient and differentiated financial services to all individuals and businesses, especially to low-income house-holds, rural residents and micro and small businesses at affordable costs.

Wang Jun, adjunct professor of finance at the China Europe International Business School, made the comments at a forum held by the Center for Microfinance Initiatives and Networks at Renmin University of China on Friday.