CFPA Microfinance Newsletter (2018.3)

  • 23/04/2018
CFPA Microfinance Newsletter (2018.3)

On March7 2018, CFPA Microfinance kicked off a 3-day study tour to Geely Auto and Honeywell. 12 managers and senior staffs of CFPAMF participated into this exchange. Mr. Dou Huamao, as the delegation head and vice president of CFPAMF, spoke so highly of this trip and said that we had all learned a lot from Geely Auto and Honeywell though these two companies are not players in financial sector.

It is known that Geely Auto and Honeywell are listed in Fortune 500 companies, both of which are masters in manufacturing sector. CFPAMF delegation members, from several sections such as Company Culture, Legal Affairs, Cooperation & Exchange Center, P2P, Trainning Center, Investment & Financing etc., respectively visited Geely Automobile Research Institute and Honeywell Technology Experience Centre (Shanghai) and had fantastic exchanges on company culture, team building, marketing & communication, innovation etc with hosts.

It is worth mentioning that innovation management of Geely Auto and Lean Six Sigma practice in Honeywell left us much impression. While facing evolution, CFPAMF continued to push disruptive innovation and optimization management forward which played important roles in growth.

China’s Experience and Success in Poverty Alleviation

in Past 40 Years

Mr.Wu Guobao

Research fellow

Chinese Academy of Social Sciences

According to a news report released by Xinhua news agency last year, from 1978 to 2016, about 730 million Chinese people have been lifted out of poverty. As of the end of 2016, there were 43.35 million people in China living below the country’s poverty line of 2,300 yuan (348.9 U.S. dollars) of annual income as constant with 2010 prices, accounting for about 3 percent of China’s population. China has set 2020 as the target year to complete the building of a moderately prosperous society, which requires the eradication of poverty. To achieve the target, China needs to bring more than 10 million people out of poverty every year, meaning nearly one million people per month or 20 people per minute.

China has done a good job in poverty alleviation, said by Mr.Wu Guobao, research fellow of Chinese Academy of Social Sciences, at a lecture held by CFPAMF. He pointed out that in the past 40 years of poverty alleviation, Chinese government focused on following approaches including: improving overall economic environment by sustainable pro-poor economic growth; promoting prosperity and well-being of the people by upgrading social services and social warefare; establishing public-private partnership to make efforts in poverty alleviation; increasing efficiency of poverty alleviation by making changes on poverty alleviation policies and tools; creating opportunities of development for the poor and poverty areas by target development projects of poverty alleviation.

Two Mentors Lectured at Enjoyable Sharing

On March 23,2018, Mr.Wu Guobao, research fellow of Chinese Academy of Social Sciences, presented a lecture on Poverty Alleviation Policies and Practices in China.

On March 5,2018, Mr.Zheng Yannong, research fellow of Development Research Center of The State Council of China, delivered a lecture on Branding and Corporate Image Communication.

CFPAMF Was Presented

with An Outstanding Contribution Award

On March26,2018, CFPAMF was presented with an 2017 Outstanding Contribution Award by China Foundation for Poverty Alleviation, for its making charity donation of RMB657,029.74 in 2017 through CFPA Microfinance Funds which was initiated by CFPAMF in 2010.

CFPAMF Best Practice Aired on China Central Television

Business Performance of March 2018