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)