10- 12
Policy and Regulatory Environment for the Development of Inclusive Rural Digital Finance Services: China’s Experience and International Organization’s Practices

Tuesday, November 10, 2020 to Thursday, November 12, 2020

We are pleased to invite you to participate in the symposium on Policy and Regulatory Environment for the Development of China’s Inclusive Rural Digital Finance Services: Practice, Experience and Prospects that is being jointly organized by FAO with the Chinese Academy of Financial Inclusion (CAFI) in the framework of the CABFIN partnership.

The symposium will be composed of three sessions, taking place during 10-12 November 2020.  Each session will last around 2-3 hours (15:00-18:00 CST – UTC +8 equivalent to 8:00-11:00 CET – UTC +1). The symposium will discuss opportunity and challenges that China is facing in the process of developing digital financial services and rural digitalization under the recent rapid development of its rural digital financial industry. The focus will be on the policy and other enabling environment conditions, such as financial regulation, and related best practices.

Schedule and invited speakers: 

*For speaker’s detailed biography, please refer to the attachment at the end. 

10 November 2020

Opening Session:

Moderator: Adriano Campolina, Senior Policy Officer, Rural Institutions, Services and Empowerment Team (RISE), Inclusive Rural Transformation and Gender Equity Division (ESP), FAO

Guest Speakers:

Máximo Torero Cullen, Chief Economist, FAO

Nigel Brett, Director, Asia and Pacific Region, IFAD (Video presentation)

XIE, Jianmin, Counsel, Department of International Cooperation, Ministry of Agriculture and Rural Affairs, China (TBC)

Tumwibwine Twinemanzi, Executive Director Supervision, Bank of Uganda

BEI, Duoguang, Co-Chairman and President of Chinese Academy of Financial Inclusion (CAFI)

Special Event:        Launch of the Rural Finance and Investment Learning Center (Video and Introduction)

Guest Speech:        YE, Anping, Director, South-South and Triangular Cooperation Division, FAO

Session 1: Policy Enabling Environment

Thematic Focus: Governmental supportive policies for agriculture & rural affairs, finance, informatization under rapid digital economy development in China.

Moderator: XU, Daohong, President of China Rural Credit Cooperation News

Guest Presentation:

WANG, Sheng, Division Director, Department of Budget and Finance, Ministry of Agriculture and Rural Affairs (TBC)– “Development and practice of “Digital Agriculture + Finance” in China”

CHEN, Daofu, Vice President of Finance Institute, Development Research Centre of the State Council– “China’s policy on promoting digital finance and support measures in agricultural and rural sectors”

John J. Amimo, Head of Programmes, African Rural and Agricultural Credit Association (AFRACA)– “How to provide a more effective and supportive policy enabling environment for DFS in African (TBC)”

SUN, Tongquan, Director, Institute of Rural Finance, Chinese Academy of Social Sciences– “Innovative practice of digital financial services in China’s rural areas”

11 November 2020 

Session 2: Business Models under current regulatory frameworks

Thematic Focus: When facing to a large number of rural customers and diverse agricultural business operators, how to adopt financial promotion measures, how to guard against financial regulatory risks, and how to enhance public-private partnership in product development are vital.

Moderator: LIU, Tim Secretary General, CAFI

Guest Presentation:

GAO, Hui, Counselor of CAFI, Former head of Human Resources of ACCION– “CAFI’s Capacity Building Programme”

LIU, Jian, Vice President of Tencent Financial Research Institute– “Customer Empowerment and data Protection in Digital Financial Services” 

CHEN, Peng, Vice President of Hunan Branch of Postal Savings Bank of China–“Digitalization of inclusive Finance in large Banks and Rural inclusive Finance”

BAI, Xuemei, Vice President of CD Finance, Former Secretary General of China Micro-credit Companies Association–“Protection and empowerment of small- and micro- financial customers in rural areas”

Rashmi Pilllai, Executive Director, Financial Sector Deepening Uganda–“The Development of Digital Finance and the practice of customer Empowerment in Uganda and Africa”

12 November 2020 

Session 3: Innovative cases and best practices

Thematic Focus: This session will provide various innovated solutions and cases for the development of the rural digital finance from international institutions and Chinese practitioners.

Moderator: Jamie Anderson, Senior Financial Sector Specialist, CGAP

Guest Presentation:

Niclas Benni, Rural Finance Expert, Rural Institutions, Services and Empowerment Team (RISE), Inclusive Rural Transformation and Gender Equity Division (ESP), FAO–“The impact of the COVID-19 pandemic on digital financial inclusion trends”

WANG, Gang, Chief of Digital Agri-Loans Solutions, JD Digits Group–“Business Model Innovation of JD in Rural Digital Financial Services”

DING, Yu, Senior Digital Economy Consultant, UNCDF–“UNCDF’s practice of Rural Digital Financial Service” 

LIAN, Huishan, Project Officer, IFC/World Bank Group–“Digital Agrifinance Implementation and New Development in China”

Michael Hamp, Lead Regional Technical Specialist, Rural Finance, Markets and Enterprises, Asia and the Pacific Region / Sustainable Production, Markets and Institutions Division, IFAD–“IFAD’s Inclusive Rural Finance Portfolio and Emerging Digital Solutions”

Moderated discussion and Q&A

Closing Session

Guest Speakers:

ZHANG, Zhongjun, Officer in Charge / Assistant Representative (Programme), FAO Representation in China

Matteo Marchisio, Head of East Asia Hub and Country Director PR China, IFAD

LIU, Tim Secretary General, CAFI