CAREC Institute Joins Program on Digital Finance for Inclusive Growth

The Global Developing Country Finance Capacity Building Program: Emerging Digital Finance Trends—Embedded Finance for Innovation, Inclusivity, and Shared Growth was successfully held from May 17 to 21, 2025 in Shenzhen. The Tsinghua University PBC School of Finance (PBCSF, with PBC referring to the People’s Bank of China), the Finance Center for South-South Cooperation, and the Alliance for Financial Inclusion (AFI) co-organized the event.

The program aimed to equip participants with insights into building inclusive digital payment ecosystems, drawing on China’s experience. It has two components: the Global Finance Forum from May 17 to 18, which hosted high-level discussions on global financial trends, and the capacity-building sessions from May 19 to 21, which offered technical deep-dives into the evolution of China’s digital payments infrastructure.

Key topics included regulatory frameworks, data-sharing practices, and developing and implementing China’s central bank digital currency (CBDC), the e-CNY. The program also addressed how digital finance can expand access to financial services, particularly for women and women-led micro, small, and medium-sized enterprises (MSMEs).

Mr. Charymuhammet Shallyyev, Director of the CAREC Institute, participated in the program and engaged in active knowledge exchange with representatives from regulatory and financial institutions across China and other participating countries. As part of the program, attendees visited leading technology companies such as Huawei Cloud and Lexin. They gained firsthand insights into the practical application of financial innovations in advancing inclusion and supporting economic growth.

The event provided a valuable opportunity to examine China’s experience and draw practical lessons for CAREC member countries advancing digital transformation and inclusive finance—aligning closely with the CAREC Institute’s efforts to support its members through policy research, capacity building, knowledge sharing, and networking to promote regional cooperation and inclusive development.