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Financial infrastructure is of decisive importance in efforts at enhancing financial efficiency and promoting economic growth. This chapter explores how the development of China’s financial infrastructure also affects financial inclusion. In global terms, China had lagged behind for a long time in terms of conventional financial inclusion, but its digital financial inclusion (DFI) is rapidly developing. One of the most important catalysts was the development of digital financial infrastructure, particularly digital credit infrastructure and digital payment infrastructure. The chapter first examines the concepts of financial infrastructure and financial inclusion and their Chinese contexts. It then traces the historical evolution of financial inclusion in China since 1949, and it lastly dissects the significant role of digital financial infrastructure in promoting Chinese DFI since around 2014.
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