A Study of the Fragility of Microfinance Institutions in China:Take Zhejiang Province As an Example
- 10.2991/icesem-18.2018.145How to use a DOI?
- Microcredit; Financial bank; Fragility; MFIs
As a way of financing the gaps in bank system, microfinance has been favored by many micro-enterprises and low-income people in China. However, neither the international nor the domestic has given a clear definition. On the theoretical level, the development of foreign microfinance industry is relatively mature and its research is in-depth. The introduction of microfinance in China is relatively late, and the development time is less than ten years. The rapid shrinking of the microfinance industry and industry funding crisis has proven the need for correct theoretical guidance. From the perspective of financial fragility, this paper argues that the fragility of microfinance is similar to the banking sector based on existing domestic and foreign literature, and analyzes the current level of fragility in Zhejiang Province based on empirical research, then makes targeted recommendations from the perspectives of company and government.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Dongfang Lan AU - Jiming Li AU - Linxue Zhu AU - Hongyan Gan AU - Jinling Du PY - 2018/08 DA - 2018/08 TI - A Study of the Fragility of Microfinance Institutions in China:Take Zhejiang Province As an Example BT - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018) PB - Atlantis Press SP - 631 EP - 634 SN - 2352-5398 UR - https://doi.org/10.2991/icesem-18.2018.145 DO - 10.2991/icesem-18.2018.145 ID - Lan2018/08 ER -