• Login
  • Register
  • Search

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

Yan Liu, Jianghao Li, Guannan Lei


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.


Inclusive Finance; SMEs; Innovation

Full Text:



Zhang, H., Yuan, F., Cui, Y. and Li, G., 2022. Research on the construction and measurement of inclusive finance evaluation index system. Procedia Computer Science, 199, pp.1152-1159.

Ke, S., 2018.On the development of Inclusive Finance in innovation and Entrepreneurship. Financial Vision , 13, pp.44-45.

Sba.gov. (2018). What We Do | The U.S. Small Business Administration | SBA.gov. [online] Available at: https://www. sba. gov/about-sba/what-we-do [Accessed 20 Feb 2022].

Icba.org. (2018). The Independent Community Bankers of America - ICBA. [online] Available at: http://www.icba.org/ [Accessed 20 Feb 2022].

Grameen.com. (2018). Introduction | Grameen Bank. [online] Available at: http://www.grameen.com/introduction/ [Accessed 20 Feb 2022].

Wang, X. (2012). Small and Micro Enterprises' Financing Background, Predicament and Countermeasures. Academic Exchange, 7(220), pp.118-121.

Zheng, Z. (2015). Research on Internet Finance, Community Banking and Indirect Financing of Small and Micro Enterprises. Modern Economic Research, 20(1), pp.63-67.

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