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Research on the Impact of Inclusive Finance on Innovation and Entrepreneurship of SMEs in China

Yan Liu, Jianghao Li, Guannan Lei

Abstract


In September 2014, Chinese Premier Li Keqiang proposed "Mass Entrepreneurship and Mass Innovation" at the Summer Davos Forum. The rapid development of small and micro enterprises (hereinafter referred to as SMEs) has become a new engine driving China's economic growth. However, when the total amount of social funds is limited, large-scale financing platforms will have a strong "crowding-out" on SMEs, and financing difficulties have become a key problem hindering innovation and entrepreneurship of SMEs. By analyzing the current situation of inclusive finance in China, this paper draws on the experience of the USA and Bangladesh in helping SMEs to finance and start their own businesses through inclusive finance, so as to provide feasible suggestions for the innovation of SMEs in China.

Keywords


Inclusive Finance; SMEs; Innovation

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References


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DOI: http://dx.doi.org/10.18686/fm.v7i2.4138

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