China leads the world in digital financial inclusion advances

China is taking the global lead in digital financial inclusion and could introduce its best practices to other countries, said a senior fintech practitioner.

"I am looking forward to seeing China exporting some common development models for digital financial inclusion through the implementation of the Belt and Road Initiative so as to promote global sustainable development," said Meng Zhaoli, dean of JD Digits Research Institute, during an interview at a recent international forum in Beijing. Gathering a wide range of financial institutions, regulators and academics, the forum was focused on digital finance, client protection and capability building to promote sound development of financial inclusion.

Meng said JD Digits, a Chinese digital technology company, has taken part in many international exchange activities, during which its foreign counterparts said the practice of digital financial inclusion in China is worth learning. The company is also cooperating with the United Nations Capital Development Fund, which hopes to introduce great business models to Africa.