Lihui Tian

At the Hangzhou summit of the group of G20, the advanced principle of G20 digital Inclusive Finance, promoted by China and participated in, was formally adopted. This is the first guiding principle with global significance for the development of a digital economy.

Digits are the methodsinclusive benefit is the core

Digital finance, based on modern communications, networks, and database technology, provides financial services through the Internet, large data, and cloud computing.

Inclusive Finance was put forward by the United Nations in 2005, it means providing appropriate and effective financial services for all sectors and groups of financial needs with affordable cost. Generally speaking, small and micro enterprises, farmers, low income people in cities and towns are the key service objects of inclusive finance.

Opening up a convenient channel to support the real economy

The decrease of financing cost is one of the key points of the supply side reform. At present, we urgently need to reduce capital prices, improve the effective supply of capital and guide capital into the real economy. In this process, inclusive finance based on equal opportunities and business continuity principles, opened up a broad channel for people of all walks of life and enterprises to enjoy more convenient and richer financial services, and will strongly support the development of Chinese real economy.

Clear the main responsibility to do a pleasure which would cost nothing

Under the new situation, our country should use digital technology to promote the implementation of Inclusive Finance, financial equality, sharing of financial development. Therefore, to clear the main responsibility, the construction of credit data, enhance the financial products and service means and implement digital financial safety publicity and education.

First, the implementation of the digital inclusive finance needs the central bank, the commercial bank and other financial institutions to work together, and actively play the role of the insurance company.

Secondly, PBC should constantly improve the basic database of financial credit information, realize credit rating of enterprises and individuals, and expand the access database of financial credit information basic database.

Again, inclusive finance needs to be a pleasure which would cost nothing. The government should clearly requires commercial banks to use the Internet, big data, cloud computing and other new information technology, build a new platform for financial services, credit status of inclusive financial services object clear, the development of information, capital, products, to provide financial services in the premise of risk controllable and risk compensable.

Finally, we should strengthen the propaganda and education of digital finance. We should popularize the basic knowledge of Finance in a multifaceted and wide angle, and cultivate the public's credit consciousness and the spirit of contract. At the same time, we should carry out the publicity and education of financial risks, strengthen the awareness of financial risk preparedness, and set up the concept of benefit self enjoyment and risk self support. We should focus on strengthening information disclosure and risk prompts, and guide financial consumers to rationally invest and consume according to their own risk bearing capacity and the risk characteristics of financial products.