3. Encouraging, supporting and guiding the development of the non-public sector of the economy. We will conscientiously implement the State Council's Guidelines for Encouraging, Supporting and Guiding the Development of the Non-Public Sector of the Economy, Including Self-Employed Workers and Private Companies, so as to create a legal, policy and market environment that ensures fair competition for all non-public enterprises. More industries and fields will be opened to non-public capital, and financing channels for non-public enterprises will be widened. Private property and the rights and interests of these enterprises will be protected in accordance with the law. These enterprises will be better served and supervised. They need to improve their quality, and they must abide by laws, regulations and policies of the state, conform to regulations for industrial safety and environmental protection, and guarantee the legitimate rights and interests of their employees.

    4. Accelerating the reform of the financial system. This is an important task affecting the overall interests of reform and development. We will accelerate the reform of state-owned commercial banks by carrying forward the successful pilot program to turn them into stock companies. The reform of policy banks and other commercial banks will be carried forward. We will vigorously yet steadily develop financial institutions with different forms of ownership. We will continue working hard to implement the State Council's Guidelines for Promoting the Reform, Opening Up and Steady Growth of the Capital Market. We will strengthen the infrastructure of the capital market and formulate sound regulations for it to protect the legitimate rights and interests of investors, particularly non-government investors, thereby creating a favorable environment for its steady and sound development. We will deepen the reform of the insurance industry and standardize order in the insurance market. We will steadily deregulate interest rates to leave them to market forces, and reform the mechanism for setting the exchange rate for the Renminbi and keep it basically stable at a proper and balanced level. We will improve the system of financial oversight and management and strengthen and improve our financial oversight and management work.