BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen
Jiabao is calling for deepened reform of the financial sector so as to enhance a
sustained, healthy and safe development of the industry, according to an article
to be published by the Party Journal Qiushi, or Seeking Truth on Thursday.
Wen, also member of the Standing Committee of the
Political Bureau of the Chinese Communist Party (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 big strides
forward in the financial reforms.
China has opened its financial sector steadily to the
outside and intensified supervision and management of the financial sector while
enhancing legal system building, according to the article.
Wen called on efforts to push the financial reform
and financial industrial development to a new stage to cope with the new
situation China faces in developing its financial sector.
Wen said, with the economic globalization going
deeper and deeper, international financial markets are more closely linked and
liquidity is expanding in scale. Financial sector is playing a marked role and
imposing a notable influence on the economy of a country and the world at large,
Wen said.
Domestically, as China is progressing rapidly in
industrialization, urbanization, marketization and internationalizaton, the
country requires more from the financial sector to carry out adjustment of
economic structure and pushing forward economic and social development.
The article listed six major tasks for developing the
country's financial sector in the future. The six tasks are:
-- to further enhance sustained and healthy
development of the financial sector, so as to meet the diversified financial
needs in economic and social development;
-- to optimize the financial structure and improve
the distribution of multi-layer financial market system and urban, rural and
regional financial service distribution;
-- to further deepen the reform of financial
enterprises and speed up shifting of operation mechanism;
-- to further improve financial services and control
mechanism so as to promote steady and fast development of the national economic
and realize development based on scientific concept;
-- to further push forward opening-up of the
financial sector to boost development of China's financial industry and improve
the industry's competitiveness;
-- to establish a sound legal system in the financial
sector and intensify management to boost safe and stable development of the
industry.
The article also stressed the importance to further
the reform of state-owned banks and financial reform in rural areas.