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Stories:
China outlines new policies for
finance industry
BEIJING, Jan. 20 (Xinhua) -- China wrapped up
the third national financial work conference on Saturday, unveiling a package of
policies aimed at improving the country's financial health.
In a keynote speech to the meeting, which is held every
five years, Premier Wen Jiabao highlighted a number of problems facing China's
financial industry, including an accelerating international trade imbalance,
poor governance of financial corporations and a defective rural financial
system.
China to commercialize policy
banks
BEIJING, Jan. 20 (Xinhua) -- The China Development
Bank, one of China's three policy banks will take the lead in commencing
commercial operations, Xinhua learned from the Third National Financial Work
Conference closed on Saturday.
The is the first time that China officially announced
the reform of policy banks, which also include the Export and Import Bank of
China and the Agricultural Development Bank of China.
China to "actively explore and expand"
use of foreign exchange reserve
BEIJING, Jan. 20 (Xinhua) -- Chinese Premier Wen
Jiabao said that China would steadily push forward the foreign exchange rates
reform and actively explore and expand the use of foreign exchange reserves,
Xinhua learned Saturday from the Third National Financial Work Conference.
Agricultural Bank of China to start
shareholding reform
BEIJING, Jan. 20 (Xinhua) -- China officially
announced its decision to launch the shareholding reform on the Agricultural
Bank of China at the Third National Financial Work Conference closed here on
Saturday.
The Agricultural Bank of China is the last of the
"big four" state-owned banks to start the reform which would lead to its market
listing.
China to speed up bond market
growth
BEIJING, Jan. 20 (Xinhua) -- Chinese Premier Wen
Jiabao said that China would speed up the growth of the bond market by expanding
the size of corporate bonds, Xinhua learned from the Third National Financial
Work Conference closed on Saturday.
China to facilitate fair competition
between local, foreign financial institutions
BEIJING, Jan. 20 (Xinhua) -- Chinese Premier Wen
Jiabao said that China would facilitate the fair competition between domestic
and foreign financial institutions and advance financial collaboration between
the mainland, Hong Kong and Macao, Xinhua learned from the Third National
Financial Work Conference closed here on Saturday.
