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    Report urges fast reform of financial system

    By Chen Jia | China Daily | Updated: 2013-04-12 07:31

    Non-bank lenders to be allowed to compete with traditional players

    China's economic rebalancing will rely on market-oriented and in-depth reform of its financial systems to attract investment into more efficient private sectors, according to a report.

    The National School of Development at Peking University said on Thursday legalizing and regulating a credit scheme outside the main banking system, as well as liberalizing interest rate fluctuation should be at the core of any reform.

    Report urges fast reform of financial system

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