pboc speech, 2005-10-26
First, China will continue to conduct the share-holding reform of the wholly state-owned commercial banks, and deepen rural credit cooperatives reform, promote city commercial banks, city credit cooperatives and non-banking financial institutions to restructure and consolidate, encourage private funds to participate in the restructuring of urban credit cooperatives and city commercial banks, promote assets management companies market-oriented operation, restructure and consolidate securities companies and improve insurance companies reform so as to establish a multi-layer financial institutional system.
Sentiment: neutral
Topic: financial_stability