People are deeply concerned by coronavirus's alarming level of spread and severity; the economic outlook, in many eyes, has become bleak. Yet a grocery store owner in Nanning told us: The epidemic just hit the "pause" button and everything will be back on track before we notice it.

The 16th Annual Conference of the International Finance Forum (IFF) was successfully held in Guangzhou, China, from November 22 to 24, 2019. The annual conference focused on the theme of "Global Stability: New Transition, New Development".

On the afternoon of October 12, 2019 International Forum for China Financial Inclusion (IFCFI) was held. Participants witnessed the official release of The Report of Financial Inclusion Development in China (2019) (Green Paper), a year-long work product of CAFI.

Financial inclusion is of great significance for optimizing the financial structure, addressing social imbalances and inadequacies, and promoting the socioeconomic innovation, development and inclusive growth.

The past 5 years has seen remarkable achievements of digital financial services in China, but with all the development of digital technology, the low-and moderate-income groups yet to have full access to financial services. In particular, there is still much room for improvement of their financial health.

On the morning of October 11, the 4th Expanded Council Meeting of CAFI & the Closed-Door Meeting on the Review and Outlook of Financial Inclusion in China were successfully held and participated by Dongrong Li.

This year's Green Paper connects the theories at the macro and micro levels by focusing on some intrinsically linked issues, such as how Inclusive Finance embodies inclusiveness and how to achieve sustainable growth in a responsible and healthy way.

On August 28, at the press conference of 2019 International Forum for China Financial Inclusion, Dr. Bei Duoguang, President of Chinese Academy of Financial Inclusion (CAFI) briefly reviewed the financial inclusion development in China and answered questions from reporters. Below is a transcript of his speech and the Q&A session.

China's influence looms large over global digital financial inclusion, and Africa, being an early mover in adopting digital financial inclusion, has also accumulated valuable practical experiences over the years.