AJIBM  Vol.9 No.6 , June 2019
The Development of Microcredit in China under the Microfinance
Since 2008 a series of financial policies have been introduced, microfinance development has entered a new stage. As a branch of microfinance, microcredit also ushered in a significant opportunity for rapid development. Commercial Banks, microcredit companies and other financial institutions have launched microcredit products for small and micro businesses and individuals. After a period of practice, there are a lot of problems remain to be solved. By analyzing the development stage of microcredit in China, this paper explores the existing problems in the development of microcredit in China and puts forward relevant suggestions on the premise of distinguishing the concepts of microfinance and microcredit.
Cite this paper: Zhen, Z. (2019) The Development of Microcredit in China under the Microfinance. American Journal of Industrial and Business Management, 9, 1486-1491. doi: 10.4236/ajibm.2019.96098.

[1]   Hu, B. and Wang, J.L. (2010) Mature Industry, Alternative Investment—The Burgeoning International Microfinance Industry and Microfinance Investment. Financial Development Review, 2010, 37-49.

[2]   Du, X.S. (2004) China’s Rural Microfinance Practice Attempt. China Rural Economy, 2004, 12-19+30.

[3]   Du, X.S. and Sun, R.M. (2000) Practice and Policy Thinking of Microfinance in China. Finance & Trade Economics, 2002, 32-37.

[4]   Chen, P. (2007) International Microfinance and China’s Rural Financial Reform —Based on the International Perspective and Guizhou’s Practice. Financial Theory & Practice, 2007, 24-26.