In collaboration with the Research Center for Wealth Management, Tsinghua University PBC School of Finance

and efforts to simplify financial products to ensure Similarly, China’s introduction of the digital yuan that the benefits of financial inclusion are accessible has demonstrated the potential of central bank to all segments of society. [...] In this of the Pradhan Mantri Jan Dhan Yojana (PMJDY) context, how can resilience be achieved? to distribute COVID-19 relief payments and China’s introduction of the digital yuan to integrate Financial inclusion plays a crucial role in reducing underserved populations into the financial system, financial fragmentation and enhancing resilience as well as the private sector’s role in improving by pr. [...] Global Financial Inclusion Practices: Case Studies from China, India and the USA 5 1 Government’s role in advancing financial inclusion The PMJDY initiative in India and the digital yuan in China underscore how important government leadership and robust digital infrastructure are in driving inclusive financial practices. [...] According to the People’s Bank of China, within the supply chain, patents and intellectual property as of the end of 2022 the outstanding balance of digital rights to construct the true financial profile of enterprises working capital loans for SMEs reached had 936.3 billion and provide more accurate credit assessments. [...] As the volume of the potential of CBDCs to integrate more people digital transactions increases, so does the risk into the financial system, offering a government- of cyberattack and fraud.