A Literature Review of Studies on Financial Exclusion in Rural China


  • Zixuan Xia
  • Weixin Xie
  • Haobin Chen
  • Jiao Wang




Financial exclusion, Literature review, Suggestion.


Financial exclusion is regarded as one of the hotspots and difficulties in recent years, of which the aggravation will aggravate the gap between urban and rural areas, hinder the promotion of inclusive finance, increase the resistance to the implementation of rural revitalization strategy, and even affect the development of agricultural economy in China. Since 2019, in the face of complicated international situation and continuous domestic epidemic situation, it has played an important role in providing basis and reference for China to promote inclusive finance and rural revitalization strategy through carrying out in-depth research on financial exclusion and improving the research system of financial exclusion under the new economic situation. Therefore, this paper combs the relevant literature from the regional level, county and township level and farmers level, summarizes the common contents of policy recommendations and puts forward new research direction suggestions.


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H. Kempson and C. Whyley, Kept out or opted out Understanding and combating financial exclusion. West Sussex: Biblios Publishers, 1999.

A. Leyshon and N. Thrift, “The restructuring of the U.K. financial services industry in the 1990s: a reversal of fortune,” J. Rural Stud., vol. 9, no. 3, pp. 223–241, Jul. 1993.

S. D. Xu and L. Tian, “A study of financial exclusion in rural areas of China,” J. Financ. Res., no. 7, pp. 195–206, Jul. 2008.

H. G. Huang, C. Q. Huang and X. Yi, “Financial exclusion, agricultural science and technology inputs and agricultural economic development,” J. Manag. World, vol. 34, no. 9, pp. 67–78, Sep. 2018.

J. Xiong and J. Yang, “Rural financial exclusion in the context of digitalization: digital opportunity or digital divide,” J. Agrotech. Econ., pp. 1–12, Dec. 2022.

X. L. Dong and H. Xu, “An empirical analysis of the factors influencing rural financial exclusion in China--based on the perspective of the distribution of county financial institutions' network,” J. Financ. Res, no. 9, pp. 115–126, Sep. 2012.

Z. X. He and R. X. Qu, “Agricultural policy finance provision and rural financial disincentives - empirical evidence from 147 counties,” J. Financ. Res., no. 2, pp. 148–159, Feb. 2015.

X. H. Wang, Y. Fu, X. J. He, and K. T. Tan, “A study on the financial exclusion of Chinese farmers--based on data from 1547 farmers in 29 counties in 8 provinces in China,” J. Financ. Res., no. 7, pp. 139–152, Jul. 2013.

H. D. Zhang, and Z. C. Yin, “Financial literacy and financial exclusion of Chinese households - An empirical study based on CHFS data,” J. Financ. Res., no. 7, pp. 80–95, Jul. 2016.

S. Y. Min, “Study on the influencing factors of farmers' Internet financial rejection from the perspective of financial needs--based on the survey data of 1849 farmers in Jiangsu Province,” J. Audit Econ., vol. 35, no. 2, pp. 117–127, May 2020.




How to Cite

Xia, Z., Xie, W., Chen, H., & Wang, J. (2023). A Literature Review of Studies on Financial Exclusion in Rural China. Frontiers in Business, Economics and Management, 9(1), 31–34. https://doi.org/10.54097/fbem.v9i1.8282