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| China Vows to Deepen Financial Reform |
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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. 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. (Xinhua News Agency June 20, 2006) |
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