Premier Wen Jiabao has called for deepened reform of
the financial sector so as to enhance its sustained and healthy
development, according to an article to be published today by the
Party journal Qiushi (Seeking Truth).
Wen, also a member of the Standing Committee of the Political
Bureau of the Communist Party of China (CPC) Central Committee,
said in the article that China has made marked achievements in the
financial sector since the 16th National Congress of the CPC held
in 2002, and made headway in financial reforms.
It has opened its financial sector steadily to the outside and
intensified supervision and management of the sector while
enhancing its legal system.
Wen called for efforts to cope with the new situation China
faces in developing its financial sector.
With globalization, international financial markets are more
closely linked and liquidity is expanding in scale. China's
financial sector is playing a marked role and imposing a notable
influence on the country's economy and the world at large, Wen
said.
The article listed six major tasks for the country's financial
sector in the future:
To further enhance sustained and healthy development of the
sector, so as to meet the diversified financial needs in economic
and social development.
To optimize the financial structure and improve the distribution
of the multi-layer financial market system, and urban, rural and
regional financial service distribution.
To deepen the reform of financial enterprises and speed up the
operation mechanism.
To further improve financial services and the control mechanism
so as to promote steady and quick development of the national
economy and realize development based on scientific concepts.
To push forward the opening-up of the sector to boost
development of China's financial industry and improve the
industry's competitiveness.
To establish a sound legal system in the sector and intensify
management to boost safe and stable development.
(Xinhua News Agency March 1, 2007)