On April 3, 2014, the Academic Salon of the Institute of International Law of Wuhan University was held as scheduled in Room 323. Professor. Li Renzhen, at the Institute of International Law at Wuhan University, gave a wonderful lecture titled “Legal Issues on Financial Inclusion under Global Governance”, which introduced the frontier issues of financial inclusion in the field of international financial law.

Professor Li Renzhen's lectures are mainly divided into four parts, namely, financial inclusion and related concepts, international cooperation on financial inclusion, guiding principles for financial inclusive international cooperation, and policy and legal recommendations for promoting financial inclusion in China.

First of all, Professor Li Renzhen analyzed the basic meaning of financial inclusion from the aspects of the use, acquisition and quality of financial services, and conducted a comparative analysis of financial inclusion and related concepts such as “microfinance” and “microfinance” to clarify the evolution of the financial inclusion concept and the concept of fair development embedded in it. Secondly, Professor Li Renzhen vividly described the current situation of international cooperation on financial inclusion. From the G20's strong initiative to implement financial inclusion measures on a global scale, to the creation of the Global Partnership for Financial Inclusion organization, to the birth of first financially inclusive international cooperation platform - Alliance for Financial Inclusion. Professor Li, combined with a large number of international events and related documents, made the global issue of financial inclusion clearer and concrete in front of teachers and students. Thirdly, according to the principles of jurisprudence in combination with existing international practices, Professor Li Renzhen proposed the guiding principles for implementing financial inclusion on a global scale, which are the principle of cooperation and sharing on a national basis through innovation, the principle of diversity development, the principle of financial ability improvement with the aim of universal benefit, and the principle of risk control based on proportional balance. Of course, they have important theoretical and practical significance.

Finally, Professor Li Renzhen deeply analyzes the actual needs of China's implementation of financial inclusion through closely combining the reality of China's financial market and the use of financial services and she put forward China's policy and legal proposals to promote financial inclusion, including strengthening policy guidance, relaxing market access, and encouraging financial innovation, improving financial supervision, and promoting the construction of credit system.

After Professor Li Renzhen completed a wonderful speech, the teachers and classmates present presented personal suggestions and heated discussions in regard to the report. Professor He Qisheng, Professor Nie Jianqiang and Professor Qi Yan discussed with Professor Li Renzhen on how to deal with policy and legal relations, the legal validity of the financial inclusion-related international document, the commercial nature of financial services, and the harmonious balance of social issues.

The academic salon was hosted by Professor Nie Jianqiang, Deputy Director of the Institute of International Law at Wuhan University. Zhang Xianglan, He Qisheng, Zhang Qinglin, Guo Yujun, Xiao Jun, Qi Tong, Cui Xiaojing and other teachers from the International Law Institute and some doctoral, postgraduate and undergraduate students attended the salon. (Contributor: Ma Shiqi, Ph.D. student at Wuhan University Institute of International Law )