The The Present Situation and Development Trend of Financing Support for Small and Micro Enterprises in Inclusive Finance

Abstract

The report of the 20th National Congress of the Communist Party of China clearly pointed out that the goal of building a socialist modern country in an all-round way is to achieve "high-quality development". The report particularly emphasizes the need to accelerate the development of the digital economy, promote its deep integration with the real economy, focus on the real economy, and further increase inclusive finance support for small and micro enterprises. As the backbone of promoting economic and social progress and safeguarding people's livelihood, small and micro enterprises face many challenges during the period of China's economic transformation and upgrading to high-quality development, among which the financing problem is the most obvious. The practice in inclusive finance provides solutions for small and micro enterprises. The purpose of this paper is to explore the current situation and development trend of financing support for small and micro enterprises in inclusive finance, so as to promote the high-quality development of inclusive finance and help small and micro enterprises achieve sustainable development.