Microfinance and China's Regional Development The Case of Luqiao

This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance’s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives—the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan—to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China’s economic model, and banking sector analysts.

Wen Xiao is professor and doctoral supervisor of the School of Economics, Zhejiang University, a member of the Expert Committee of the China Council for the Promotion of International Trade, and the president of Zhejiang Institute of Contemporary International Studies.

Jiadong Pan is associate professor, master supervisor and deputy director of the Business Administration Teaching and Research Department at the Party School of Zhejiang Provincial Committee of the C.P.C, and is a Zhijiang Young Scholar of Social Sciences of Zhejiang, and Ph.D. of Zhejiang University.

Wenyu Xie is professor and deputy dean of the Business School at Zhejiang University City College.

Xie Qianfan majored in International Journalism, and holds an MA from the Communication University of China. She has 12 years of editing experience at Zhejiang University Press, China.

Dong Wei is Associate Professor of editorial work, as well an editor at the Center of International Publishing, Zhejiang University Press. She holds a master’s degree in linguistics from Syracuse University.