[CND, 02/09/02] Chinese government has decided to go ahead with its reform plan for the next five to ten years on the financial and banking industries, the Hong Kong iMail reported on Friday.
In a recent meeting of China's Central Finance Working Conference, senior Chinese leaders, including President JIANG Zemin, Premier ZHU Rongji and ministers, got together to discuss the reform of state commercial banks and broader financial issues. The three-day policymaking meeting, which ended on Thursday, focused on strengthening financial supervision and administration, further reforming the nation's financial institutes, reducing financial risks and improving the financial sector.
Both Jiang and Zhu gave speeches in the conference. In his speech JIANG Zemin outlined the current financial situation at home and abroad, and set the government's financial goals for the future. Zhu revealed restructure and reform plans for the financial and banking sectors. (LIU Weijun)
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