The Third National Financial Work Conference was held in Beijing on January 19 and 20, 2007. During the conference, held once every five years, Premier Wen Jiabao
highlighted problems facing China's financial industry, including a growing international trade imbalance, poor oversight of financial corporations and a defective rural financial system. To counter these declines, he unveiled a package of policies aimed at improving the country's financial state. The reforms were sweeping, affecting the Agricultural Bank of China's shareholding methods, increasing access to rural financial institutions and expanding management and usage of the nationa's huge foreign exchange reserves, with all the above being debated at the meeting.