On 10 June 2022, in order to implement the work plan of the Third Academic Committee of the Open University of China (OUC), and enhance teaching and research, the Economics sub-committee of the OUC Academic Committee held an online academic forum titled Seeking Common Prosperity with the Aid of Small and Micro Finance: the Case of Taizhou.

Professor Wang Chengbin of the Taizhou College Business School; Yin Jishun, dean of the Ginza School of Finance of Taizhou Bank; and Professor Chen Minju, head of the Renowned-teachers’ Studio for Small and Micro Finance at Zhejiang Open University, were invited to lecture.

Professor Wang has long been a supporter of the "Taizhou Model" for small and micro finance, and introduced it in terms of operations and significance. For the past five years, it has focused on small and micro enterprises in the city in terms of supplies and operations, limiting its bad-loan ratio to within 1%.

Taizhou Bank is the first local bank to offer financing to small and micro enterprises, and is also the largest local bank in Taizhou, and the one with the highest asset quality. President Yin Jishun gave an overview of its financial services based on his hands-on experience.

Professor Chen Minju in turn discussed finance instruction at the Renowned-teachers' Studio, giving an overview of how the open-education system could meet the needs of small and micro businesses, and teachers could enhance their teaching.

The discussions were heated, and the event was presided over by Professor Liu Zhifang, deputy director of the Economics sub-committee of the OUC Academic Committee. Over 40 members of the Economics sub-committee, as well as teachers and researchers in the OUC system, attended online.

By OUC