The 24th Meeting of the central comprehensive Deepening Reform Commission held on February 28 deliberated and adopted the implementation opinions on promoting the high-quality development of Inclusive Finance, which defined the direction and objectives for the development of Inclusive Finance in the next stage. The meeting stressed the need to deepen the structural reform of the financial supply side, allocate more financial resources to key areas and weak links, accelerate the filling of the weaknesses of financial services such as counties, small and micro enterprises and new agricultural business entities, promote the integrated development of Inclusive Finance, green finance and science and innovation finance, and improve the accuracy and effectiveness of policies. Since the implementation of the plan for promoting the development of Inclusive Finance (2016-2020), China has achieved positive results in the development of Inclusive Finance, and the coverage, availability and satisfaction of financial services have been continuously improved. It has played a positive role in coordinating epidemic prevention and control and economic and social development, helping to win the battle against poverty and making up for the shortcomings in the field of people's livelihood. According to the data of China Banking and Insurance Regulatory Commission, at present, the outlets of banking institutions across the country cover more than 98% of villages and towns, and basic financial services basically cover all administrative villages. All villages and towns across the country have basically achieved full coverage of insurance services, and serious illness insurance has covered 1.22 billion urban and rural residents. Financial services in key areas of Inclusive Finance such as small and micro enterprises and agriculture, rural areas and farmers show a trend of "increment and expansion". By the end of 2021, the balance of loans to small and micro enterprises nationwide was 50.0 trillion yuan, and the balance of agriculture related loans was 43.2 trillion yuan. Among them, the balance of inclusive small and micro enterprise loans was 19.1 trillion yuan, and the balance of inclusive agriculture related loans was 8.9 trillion yuan, with the growth rate continuously higher than that of various loans. China's achievements in the development of Inclusive Finance have not come easily, but there are still some problems that need to be solved in the process of development. "The new development stage puts forward higher requirements for Inclusive Finance. It is necessary to further promote the high-quality development of Inclusive Finance on the basis of summarizing experience and sorting out problems." The relevant person in charge of the Inclusive Finance Department of the cbcirc said that the goal of developing Inclusive Finance is that market subjects and the people share the achievements of financial development, which is the concrete embodiment of the people-centered development idea in the financial field. Promoting the high-quality development of Inclusive Finance will help dredge the channels for finance to enter the real economy, optimize the allocation of resources with the inclusive nature of finance, boost the high-quality development of economy and society, and promote the common prosperity of all people. The official said that although the development of Inclusive Finance has achieved positive results in the past few years, there is still a certain gap compared with the needs of the people and the requirements of the new development stage. Some small and micro enterprises are still facing financing difficulties. The public's financial literacy and ability need to be improved. Further balance is needed to enhance financial inclusiveness and prevent and resolve financial risks. "Under the current situation, small and micro market players, agriculture, rural areas and farmers and other key areas of Inclusive Finance are facing greater pressure and difficulties. Promoting the high-quality development of Inclusive Finance will help market players and the people better cope with complex situations and risks and challenges by using financial means, help ensure and improve people's livelihood, and promote economic recovery and healthy development." The meeting stressed the need to optimize the financial institution system, market system and product system, effectively play the role of commercial, development, policy and cooperative finance, enhance the service guarantee function of insurance and capital market, broaden direct financing channels, and orderly promote the development of digital Inclusive Finance. Dong ximiao, chief researcher of Zhaolian finance, said that to promote the high-quality development of Inclusive Finance, it is necessary to build and improve a multi-level inclusive financial market system. We should clarify the positioning of financial institutions of different types and sizes, and gradually build an inclusive financial service network with overall coordination and clear division of labor. At present, the financing environment of small and micro enterprises is effectively improving, but the difficulty of first loan, credit loan and medium and long-term loan are the structural problems faced by small and micro enterprises. Some financial institutions are trying to find a solution. Agricultural Bank of China innovated and launched the exclusive product "first e-Loan" for the first loan households of small and micro enterprises. According to ABC, since its launch in April 2021, the number of first loan households has increased by more than 100000, and the first loan amount provided to small and micro enterprises for the first loan has exceeded 69 billion yuan. Inclusive Finance should not only develop well, but also develop for a long time. Providing services for key areas of Inclusive Finance has relatively high risks and costs. To achieve long-term sustainable development, it is inseparable from the improvement of supporting measures and the coordination of policies. The meeting stressed the need to improve the formulation and implementation mechanism of inclusive financial policies, improve the inclusive financial infrastructure, institutional rules and grass-roots governance, accelerate the improvement of risk sharing and compensation mechanisms, and promote the formation of a long-term mechanism with affordable costs and sustainable business. "For the central and local governments, it is important to strengthen the construction of financial infrastructure. For example, by strengthening the construction of credit information system and financing guarantee system of small and micro enterprises and agriculture related subjects, we should actively optimize the digital financial service ecology of counties and even villages. Especially for local governments, we should build regional big data platforms and empower financial institutions." Dong ximiao said. The person in charge of the Inclusive Finance Department of the CBRC said that to promote the high-quality development of Inclusive Finance, we should coordinate development and security. We will consolidate the responsibility for risk prevention and resolution, strengthen financial supervision, grasp the balance between enhancing financial inclusiveness and preventing and resolving risks, and resolutely hold the bottom line of avoiding systemic financial risks. (Xinhua News Agency)