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China Financial Inclusion 2017
The purport of the term financial inclusion is more profound than that of finance as
traditionally defined. The key to the sustainable development of financial inclusion is
building capacities for all stakeholders, especially for the traditionally disenfranchised
segments of the society, through financial education and other capacity building
initiatives that are available, accessible and affordable for all. To teach people to fish,
figuratively speaking, the efforts undertaken in capacity building is aspired to fulfill the
dual mandates of financial inclusion of social good and economic sustainability.
To be specific, financial consumers shall improve their financial literacy and risk
awareness, understand their rights and protection measures, and learn to leverage
financial resources available to them; inclusive financial service providers shall
improve their corporate governance, risk management capabilities, and business
acumen to innovate their business models, products, and service offerings; and
government authorities shall adapt themselves to the ever-changing market
landscape and refine their policy-making and regulatory approaches accordingly.
In this digitalized brave new world capacity building necessitates the unleashing the
power of FinTech, and only by so doing could the coverage, accessibility, and adequacy
of financial services be elevated and the development imperative of uplifting China’s
financial inclusion to upper-middle level in the world by 2020, as established in the
country’s The Plan for the Development of Financial Inclusion (2016-2020), be
I. Theme and Topics
As the slogan “Capacity Changes the World” indicates, this year’s Forum focuses upon
pressing issues surrounding capacity building for financial inclusion stakeholders. A
wide spectrum of discussion topics covers: policy-making and regulatory capacity;
financial institutions’ corporate governance, skills to innovate, and risk savvy; client
education and protection; digital dividend and divide， etc.. In addition, the first Sino-
Africa Summit on Digital Financial Inclusion is also to be held as a part of the event.
The Forum will be divided to different sessions including opening ceremony, plenary
discussions, parallel forums, workshop sessions and closed-door meeting.
Specific topics includes:
• Financial literacy and capacity building;
• Consumer protection;
• Governance and capacity for financial institutions;
• Product and service innovation;
• RegTech and regulatory capacity;
• Development of FinTech; and
• Digital dividend and divide.
II. Organizational Structure
The People’s Bank of China (PBoC)
China Banking Regulatory Commission (CBRC)
Renmin University of China (RUC)
China Banking Association (CBA)
China Microcredit Companies Association (CMCA)
Payment & Clearing Association of China (PCAC)
China Foundation of Development of Financial Education
Chinese Academy of Financial Inclusion (CAFI)
Renda Puhui (Beijing) Consultation Co., Ltd.
Public Interest and Charity Partner:
Bill & Melinda Gates Foundation
International Finance Corporation (IFC)
SME Finance Forum
The Consultative Group to Assist the Poor (CGAP)
Visa, Ant Financial, Baidu, JD Finance, Credit Ease, AVIC Trust
III. Keynote Speakers
Leaders from central and local governments and leading experts in the financial
inclusion-related areas will be invited to attend the Forum. Also attending are
participants from the World Bank, IFC, SME Finance Forum, Accion and other
A diversified audience consists of policy makers, researchers and practitioners from
government agencies, academia, think tanks, philanthropies, public interest groups,
private sectors, and international organizations.
Mandarin and English. Simultaneous translation will be provided.
Pre-Session for International Forum for China Financial Inclusion
Wednesday, September 20, 2017
Featured Speech: The Global Landscape of Financial Inclusion (By Invitation Only)
Michael CHU, Senior Lecturer, Harvard Business School； Academic Advisor, Chinese Academy of Financial Inclusion
Renmin University of China
Sino-Africa Digital Financial Inclusion Summit
September 21, 2017
09:00-10:30 Opening Ceremony
Duoguang BEI, President & Co-Chairman, Chinese Academy of Financial Inclusion（CAFI）
Zhong XU, Director-General, Research Bureau, The People’s Bank of China (PBoC); Secretary-General, China Association for
Pierre GUISLAIN, Vice President, Private Sector, Infrastructure and Industrialization, The African Development Bank Group
An executive from China Development Bank (TBD)
Greta BULL, Chief Executive Officer, Consultative Group to Assist the Poor (CGAP); Director, the World Bank Group
Elisabeth RHYNE, Managing Director, Center for Financial Inclusion at ACCION; Academic Advisor, Chinese Academy of Financial
1 All the listed participants are to be confirmed
Jane XING, Deputy Director, Program-Related Investments, China, Bill & Melinda Gates Foundation
10:30-10:50 Coffee Break
10:50-12:00 Dance between the Dragon and the Lion: African Opportunities and China Values
China is now Africa’s largest outside investor as well as its largest trade partner. The past decade has witnessed a surge in bilateral
cooperation between China and Africa, especially in infrastructure and energy and natural resources sectors. As the developed
economies still struggles with the hangover of the global financial crisis, China’s financial support to Africa’s economic development
is of particularly great significance. This session will explore viable models for financial cooperation between China and Africa, including
investment, collaboration, and technical assistance in financial services and digital technologies sectors.
An executive from Finance Center for South-South Cooperation (TBD)
Weiguo XIANG, President, China Micro-Credit Companies Association； Trustee, Board of Trustees, Chinese Academy of Financial
Zujun ZHANG, Managing Director, China-Africa Fund for Industrial Cooperation Co., Ltd.
Amina TIRANA, Senior Director, Global Financial Inclusion, Visa Inc.
David PORTEOUS, Chairman, Digital Frontiers Institute
John QU, Senior Partner & Leader of Greater China Financial Institution Group Practice, McKinsey & Co.
Representative from Huawei Technologies Co., Ltd.
13:30-15:00 Session 1 – Capacity Building for Covering the Last Mile
Capacity building holds the key to the sustainable development of inclusive finance. In this session, two NGOs will share their stories
and insights in financial literacy education and capacity building targeted at the previously marginalized segments of the society,
especially those in rural communities, in China and in Africa, respectively. From their insights, it is hoped, will emerge some universal
principles and best practices that the attendants will find inspiration-provoking. Also featured in this session will be major findings of
CAFI’s latest Report on Digital Financial Inclusion in Rural Areas.
Launch of Report on Digital Financial Inclusion in Rural Areas
Tim LIU, Executive Director & Senior Research Fellow, Chinese Academy of Financial Inclusion
Yan LI, Director, Chinese Academy of Financial Inclusion; Professor, School of Business, Renmin University of China
Joep ROEST, Senior Financial Sector Specialist, Inclusive Markets, Consultative Group to Assist the Poor (CGAP)
Yue WU, Chief, Financial Education Division, Financial Consumer Protection Bureau, The People’s Bank of China
Tongquan SUN, Director, Rural Finance Research Department, Rural Development Institute, Chinese Academy of Social Science
Xiaolong JIN, Vice President, Ant Financial Services Group
Nan LIU, Chairman, Nongxin Internet Microfinance Loan Co., Ltd.
David PORTEOUS, Chairman, Digital Frontiers Institute
Shamirah Kimbugwe PRINCESS MAZZI, Head, Agency Banking, MCash Uganda Limited
15:00-15:30 Coffee Break