中文|English

博鳌亚洲论坛博鳌亚洲论坛——凝聚亚洲共识 促进亚洲合作 传播亚洲声音

  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

Members
Partners

Position: Home >> Focus

Fueling Ecosystem Building and Digital Development of Financial Inclusion in Asia
Origin:Boao Forum for Asia      Time:2020-07-02 20:09:43    Views:595

On the afternoon of 2nd July 2020, the Boao Forum for Asia (BFA) and the Asian Financial Cooperation Association (AFCA), with support of Institute of Digital Finance (IDF) of Peking University, jointly held an online roundtable on Ecosystem Building and Digital Development of Financial Inclusion in Asia and launched the BFA flagship report “Asian Financial Development Report on Financial Inclusion”.

Zhou Xiaochuan, Vice Chairman of the BFA delivered the keynote speech. Tian Guoli, Chairman of the AFCA and Chairman of the China Construction Bank, and Professor Muhammad Yunus, Nobel peace laureate, delivered the concluding remarks and guest speech respectively. Li Baodong, the Secretary General of the BFA chaired the meeting and launched the BFA flagship report. Chen Kewen, Secretary General of the AFCA delivered the welcome remarks.

Byadran Lkhagvasuren, Governer of the Bank of Mongolia, Mihály Patai, Deputy Governor of Magyar Nemzeti Bank, and other senior representatives of central banks and regulatory authorities such as the People's Bank of China (PBC) and Financial Supervisory Services of Korea (FSS), and several global business leaders and scholars including Eric Jing, Executive Chairman of Ant Group and Dr. Huang Yiping from the Peking University led the discussions and shed light on how to further promote financial inclusion. More than 130 high-level representatives from BFA members, partner institutions, industry, academia, and media attended the event. 

BFA Vice Chairman Zhou Xiaochuan pointed out in his speech that, through continuous reform, China has built up a diversified and widely-covered financial inclusion institutional system. He suggested that Asian countries can strengthen cross-country comparison and exchange of experiences, deepen understanding of financial inclusion and promote best practices. He stressed that more efforts need to be made to keep financial institutions, that originate from and serve the grassroots, viable and sustainable, to stay firmly on the ground and provide a broad spectrum of financial services to small and medium-sized enterprises and vulnerable groups.

The speakers pointed out that, governments in many countries have attached great importance to the role of finance inclusion in supporting the development of the real economy, and assisting the micro-, small-, and medium-sized enterprises (MSMEs) and vulnerable groups, as well as enhancing social welfare. Under the backdrop of the impact of the Covid-19 pandemic on the global economy, the importance of financial inclusion has become more prominent, and the digital financial inclusion plays a key role in the timely and accurate delivery of contact free financial services. The speakers made in-depth discussions about the key issues of ecosystem building and digital development of financial inclusion under and after the pandemic. 

“Asian Financial Development Report on Financial Inclusion” was jointly completed by BFA and AFCA. The report introduces "Asian Index of Financial Inclusion Ecosystem (AIFIE)" for the first time, makes an objective evaluation of the overall situation of the financial inclusion ecosystem of 27 Asian sample countries, summarizes the bright experiences of financial inclusion development in China, Japan, Korea, India, Mongolia, Saudi Arabia and other countries, and puts forward policy recommendations including building a healthy digital financial inclusion ecosystem and making good use of regional and global cooperation initiatives such as the Belt and Road Initiative to achieve common growth.

 

(Go to Chinese)