国内英语资讯:China Focus: Financial reform plans unveiled to serve real economy in sustainable manner
<p><span word="BEIJING">BEIJING</span>, <span word="July">July</span> 15-- <span word="China">China</span> <span word="unveiled">unveiled</span> <span word="reform">reform</span> <span word="plans">plans</span> <span word="Saturday">Saturday</span> <span word="to">to</span> <span word="improve">improve</span> <span word="the">the</span> <span word="financial">financial</span> <span word="sector">sector</span>'<span word="s">s</span> <span word="capabilities">capabilities</span> <span word="to">to</span> <span word="serve">serve</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span> <span word="while">while</span> <span word="guarding">guarding</span> <span word="against">against</span> <span word="systemic">systemic</span> <span word="risks">risks</span>.</p><p><span word="China">China</span> <span word="must">must</span> <span word="strengthen">strengthen</span> <span word="the">the</span> <span word="leadership">leadership</span> <span word="of">of</span> <span word="the">the</span> <span word="Communist">Communist</span> <span word="Party">Party</span> <span word="of">of</span> <span word="China">China</span> <span word="over">over</span> <span word="financial">financial</span> <span word="work">work</span>, <span word="stick">stick</span> <span word="to">to</span> <span word="the">the</span> <span word="basic">basic</span> <span word="tone">tone</span> <span word="of">of</span> <span word="seeking">seeking</span> <span word="progress">progress</span> <span word="while">while</span> <span word="maintaining">maintaining</span> <span word="stability">stability</span>, <span word="and">and</span> <span word="respect">respect</span> <span word="the">the</span> <span word="rules">rules</span> <span word="of">of</span> <span word="financial">financial</span> <span word="development">development</span>, <span word="said">said</span> <span word="President">President</span> <span word="Xi">Xi</span> <span word="Jinping">Jinping</span>, <span word="at">at</span> <span word="a">a</span> <span word="two">two</span>-<span word="day">day</span> <span word="National">National</span> <span word="Financial">Financial</span> <span word="Work">Work</span> <span word="Conference">Conference</span> <span word="that">that</span> <span word="ended">ended</span> <span word="Saturday">Saturday</span>.</p><p><span word="The">The</span> <span word="conference">conference</span> <span word="has">has</span> <span word="been">been</span> <span word="convened">convened</span> <span word="every">every</span> <span word="five">five</span> <span word="years">years</span> <span word="since">since</span> 1997 <span word="and">and</span> <span word="is">is</span> <span word="widely">widely</span> <span word="considered">considered</span> <span word="to">to</span> <span word="set">set</span> <span word="the">the</span> <span word="tone">tone</span> <span word="for">for</span> <span word="financial">financial</span> <span word="reforms">reforms</span>.</p><p><span word="Three">Three</span> <span word="tasks">tasks</span> <span word="are">are</span> <span word="highlighted">highlighted</span> <span word="in">in</span> <span word="the">the</span> <span word="meeting">meeting</span>, <span word="including">including</span> <span word="making">making</span> <span word="the">the</span> <span word="financial">financial</span> <span word="sector">sector</span> <span word="better">better</span> <span word="serve">serve</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span>, <span word="containing">containing</span> <span word="financial">financial</span> <span word="risks">risks</span> <span word="and">and</span> <span word="deepening">deepening</span> <span word="financial">financial</span> <span word="reforms">reforms</span>.</p><p><span word="Serving">Serving</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span> <span word="is">is</span> <span word="the">the</span> <span word="bounden">bounden</span> <span word="duty">duty</span> <span word="and">and</span> <span word="purpose">purpose</span> <span word="of">of</span> <span word="the">the</span> <span word="financial">financial</span> <span word="sector">sector</span> <span word="and">and</span> <span word="the">the</span> <span word="fundamental">fundamental</span> <span word="way">way</span> <span word="to">to</span> <span word="guard">guard</span> <span word="against">against</span> <span word="financial">financial</span> <span word="risks">risks</span>, <span word="Xi">Xi</span> <span word="pointed">pointed</span> <span word="out">out</span>.</p><p><span word="The">The</span> <span word="financial">financial</span> <span word="sector">sector</span> <span word="should">should</span> <span word="improve">improve</span> <span word="service">service</span> <span word="efficiency">efficiency</span> <span word="and">and</span> <span word="quality">quality</span> <span word="and">and</span> <span word="channel">channel</span> <span word="more">more</span> <span word="resources">resources</span> <span word="into">into</span> <span word="major">major</span> <span word="and">and</span> <span word="weak">weak</span> <span word="areas">areas</span> <span word="of">of</span> <span word="economic">economic</span> <span word="and">and</span> <span word="social">social</span> <span word="development">development</span>, <span word="he">he</span> <span word="said">said</span>.</p><p><span word="Developing">Developing</span> <span word="direct">direct</span> <span word="financing">financing</span> <span word="will">will</span> <span word="be">be</span> <span word="prioritized">prioritized</span> <span word="while">while</span> <span word="indirect">indirect</span> <span word="financing">financing</span> <span word="structure">structure</span> <span word="should">should</span> <span word="be">be</span> <span word="optimized">optimized</span> <span word="by">by</span> <span word="accelerating">accelerating</span> <span word="strategic">strategic</span> <span word="transformation">transformation</span> <span word="of">of</span> <span word="state">state</span>-<span word="owned">owned</span> <span word="major">major</span> <span word="banks">banks</span> <span word="and">and</span> <span word="developing">developing</span> <span word="small">small</span> <span word="and">and</span> <span word="medium">medium</span>-<span word="sized">sized</span> <span word="banks">banks</span> <span word="and">and</span> <span word="private">private</span> <span word="financial">financial</span> <span word="institutions">institutions</span>, <span word="according">according</span> <span word="to">to</span> <span word="Xi">Xi</span>.</p><p><span word="The">The</span> <span word="reiteration">reiteration</span> <span word="of">of</span> <span word="the">the</span> <span word="role">role</span> <span word="of">of</span> <span word="the">the</span> <span word="financial">financial</span> <span word="sector">sector</span> <span word="points">points</span> <span word="out">out</span> <span word="the">the</span> <span word="development">development</span> <span word="direction">direction</span> <span word="of">of</span> <span word="the">the</span> <span word="financial">financial</span> <span word="sector">sector</span> <span word="and">and</span> <span word="emphasis">emphasis</span> <span word="on">on</span> <span word="direct">direct</span> <span word="financing">financing</span> <span word="is">is</span> <span word="also">also</span> <span word="quite">quite</span> <span word="reassuring">reassuring</span> <span word="for">for</span> <span word="the">the</span> <span word="stocks">stocks</span> <span word="and">and</span> <span word="bond">bond</span> <span word="markets">markets</span>, <span word="according">according</span> <span word="to">to</span> <span word="Li">Li</span> <span word="Huiyong">Huiyong</span>, <span word="a">a</span> <span word="senior">senior</span> <span word="analyst">analyst</span> <span word="with">with</span> <span word="Shenwan">Shenwan</span> <span word="Hongyuan">Hongyuan</span> <span word="Securities">Securities</span>.</p>
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