Micro credit scheme has inspired the whole society to be involved in the effort of poverty reduction and is warmly received by the vulnerable groups as well. Therefore, I am confident of the success of micro credit business in China as it enjoys both solid policy support from the government and wide participation by the society.
Need to rethink also policies and policy frameworks The conference will conclude with a panel discussion on macro-prudential policies. Key questions in this area include the translation of systemic risk analysis into concrete policy actions and the related challenge of developing a well-functioning macro-prudential policy toolkit.