Financial reform to proceed
(Xinhua)
Updated: 2006-06-20 06:01
Chinese Vice Premier Huang Ju said Monday that China will continue to push
forward its reform and opening-up in the financial sector in line with WTO
commitments.
A CCTV grab shows Chinese Vice
Premier Huang Ju meets with members of the International Advisory
Committee of the China Banking Regulatory Commission on June 19, 2006.
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The Chinese government will firmly
pursue its financial reform and continue to push forward opening-up in financial
sector according to its WTO commitments so as to improve the ability of
supervision and risk-prevention, said Huang.
The good momentum of China's economic development creates conditions for the
financial reform, said Huang while meeting with members of the International
Advisory Committee of the China Banking Regulatory Commission.
The committee members are mainly incumbent and former top executives of
overseas financial institutions.
Huang expressed his appreciation for the international financial experts and
scholars for supporting China's reform and economic development.
China's financial reform has made progress with the rapid economic growth,
Huang noted.
By observing China's own situations and learning from international practice,
China has scored major breakthrough in reforms of share-holding, foreign
exchange rate formation mechanism, non-tradable shares, rural credit
cooperatives and postal deposit, Huang said.
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