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Sub-anchor: G20 High-level Principles on Digital Financial Inclusion

CCTV.com

08-26-2016 16:23 BJT

Full coverage: G20 Hangzhou Summit

Digital financial inclusion will be a key topic at this year's G20 summit. A meeting of G20 finance ministers and central bankers at the end of July approved the "G20 High-level Principles on Digital Financial Inclusion" raised by the Global Partnership for Financial Inclusion.

The measure encompasses eight principles, including "Promoting a Digital Approach to Financial Inclusion" and "Balancing Innovation and Risk to Achieve Digital Financial Inclusion".

The GPFI says the eight principles would provide a basis for country action plans that reflect country context and national circumstances to leverage the huge potential offered by digital technology.

CreditEase CEO Tang Ning has a simpler four-word interpretation of the principles -- Digital, Sustainable, Responsible, and Smart.

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