The People's Bank of China (PBOC), China Securities Regulatory
Commission (CSRC), and China Insurance Regulatory Commission
(CIRC) lately held their 2nd Joint Conference to make a study
into the work of financial supervision and management and their
tasks in the near future.
A consensus reached
was that the three parties as said should step up mutual exchange
and cooperation as well as earnestly implement Premier Zhu
Rongji's demand in his report to the Fourth Session of the
Ninth National People's Congress (NPC) and the outline of
the Tenth Five-year Plan (2001-2005). With necessary measures
adopted, a normal financial market is to be developed.
Present at the
Conference were Dai Xianglong, PBOC governor, Zhou Xiaochuan,
CSRC chairman and Ma Yongwei, chairman of CIRC. It was also
decided at the Conference, which was presided over by Zhou
Xiaochuan, that the third Joint Conference is to be held in
June.
As reported, the
above three departments had their first Joint Conference held
in the latter half of last year. A new conference may be called
and held by turn when it is demanded by one of the three parties
said.
(People's Daily 05/10/2001)
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