Others News
- Leaders urge greater financial reform
Date: 25-Jan-2007 Sources: (Shenzhen Daily)
CHINA'S leaders called for greater financial reform, including improved accountability of the country's banks and financial institutions, State media said.
A meeting of the political bureau, that oversees the ruling Communist Party, called for sharper competitiveness in the financial sector and vowed an intensified crackdown on bribery and corruption, Xinhua news agency said yesterday.
The Tuesday meeting, chaired by President Hu Jintao, also stressed the need to strengthen financial support for poor rural residents, agriculture production, underdeveloped regions, and small and medium businesses, the report said without citing any sources.
At a separate meeting, Premier Wen Jiabao said the government should develop more effective policies to regulate the size and structure of bank loans, and other factors effecting the growing Chinese economy, State media also reported.
Wen made the comments at a meeting on financial reform with the country's eight non-Communist parties and non-party financial experts, Xinhua said.
He also called for more efforts to improve financial services and strengthen supervision of financial institutions.
The non-Communist party officials advised Wen on the need for more reform of State-owned banks and improved management of foreign exchange reserves.
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