There are sections of financial consumers who always have the highest sense of protection and there are the vulnerable sections of the society who feel left out. We, therefore, have to move to an order where the market forces, competition, effective regulation and a vibrant Ombudsman scheme all co-exist and handle matters concerning financial consumers’ protection in a harmonized way.
The IMF-China Capacity Development Center, established last year, has provided training courses for nearly 400 participants from about 40 Belt and Road countries on important topics in macro-economic and financial governance, such as macro-economics, monetary and fiscal policy, financial regulation, inclusive growth, and etc. 2.