NIFA President Li Dongrong met with the delegation led by regional director of World Bank Equitable Growth, Finance and Institutions Global Practice, Mr. Hassan Zaman at the Research Institute of Internet Finance Standards of NIFA on September 26.
Mr. Hassan Zaman stated that the World Bank and NIFA have been working closely together for a long time particularly in digital finance. He suggested that the two sides continue to deepen cooperation in studying regulatory approaches and the problem of market monopoly in the sector, and is looking forward to hearing more of China’s experience in digital financial development. President Li Dongrong pointed out that China attaches great importance to the application of digital technology in the financial field. Under the guidance of financial regulators, NIFA has established sound relationship with the World Bank, and the two sides should continue to strengthen communication and exchanges and promote digital technology to achieve more substantial progress in financial inclusion, in an effort to jointly contribute to digital financial development in the world.
Translator: Chen Danqi Proofreader: Li Xia Editor: Zhou Haoran