Dr. Zhiying LIAO finished her PhD from University of Dortmund in 2005. During 2005-2008, she worked for German consulting firm IPC as bank advisor/PM in Europe/China. During 2008-2012, she worked for China Development Bank, providing microfinance consultancy for 100+ VTBs. In 2013 she co-founded Silkroad Business Consulting. As of June 2017, she joined Shanghai F-road, leading the Smart-Credit Unit as CRO. Dr. Liao has 13+ years’ work experience in the microfinance industry across China and abroad. She served 40+ banks, in projects with World Bank, IFC, Frankfurt Financial & Management School, InterChina, Planet Rating and Microfinanza Rating, among others.