Home>News Center
           
     

    Wen urges deepening reform of state banks
    (chinadaily.com.cn)
    Updated: 2004-03-05 10:31

    "We need to accelerate the reform of the wholly state-owned commercial banks, focusing on a pilot project to transform the Bank of China and China Construction Bank into stock enterprises," said Premier Wen Jiabao Friday.

    Other commercial and policy banks must also deepen their reform, he said in his government work report delivered at the opening of the Second Session of the Tenth National People's Congress.

    China will press ahead with the trial reform of rural credit cooperatives and, on the basis of a review of that experience, gradually expand the reform to a wider area.

    The premier said that China will continue to reform and open up the capital market and develop it steadily, adding the government will allow the amount of bonds issued by enterprises to increase and the proportion of direct financing by enterprises to rise gradually.

    China will continue reforming the insurance industry and expand the insurance market. "We need to improve the regulatory systems for banking, securities and insurance, coordinate these systems better, and tighten financial control to ensure sound operation of the financial sector," he said.

    China will also carry forward the reform of the fiscal and taxation systems, with focus on gradually shifting from a " production VAT" to a "consumption VAT" by reclassifying equipment investment as VAT-deductible to facilitate the technological upgrading of enterprises and enhance their capability for self- development.

    These reform measures will be tried out first in some industries in northeast China this year, according to the premier.

    Meanwhile, supporting measures must be formulated quickly so that the country can carry out the plan for reforming the export tax rebate system in earnest.

    He pledged to carry forward the reform of the investment system, rationally define the government's investment functions, and establish a macro-control mechanism for investment and improve control methods and measures.

    The government needs to make intensive efforts to put in place a system for collecting information on the credibility of enterprises and individuals, a system for overseeing the credit market, and a mechanism for penalizing those who lose their credibility, Wen said.

     
      Today's Top News     Top China News
     

    Office: Beijing watches Taiwan developments closely

     

       
     

    State tightens farmland protection

     

       
     

    Doctor starts 49-day fast to test TCM regimen

     

       
     

    Fighting follows Afghan minister's killing

     

       
     

    China values military ties with neighbors

     

       
     

    Dads ask: 'Is this my child?'

     

       
      Three Gorges Dam Project sparks new relocation
       
      Long March III A chosen for lunar mission
       
      Education key to ending sex trade
       
      China values military ties with neighbors
       
      Going-west still a top development strategy
       
      Office: Beijing watches Taiwan developments closely
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      News Talk  
      Are the Chen-Lu shootings a fabricated hoax or an amateurish bungling  
    Advertisement
             
    久久AV高清无码| 国产又爽又黄无码无遮挡在线观看| 无码av免费毛片一区二区| 日韩精品无码免费视频| 无码国产精品一区二区免费模式 | 人妻av无码一区二区三区| 美丽姑娘免费观看在线观看中文版 | 最近高清中文在线字幕在线观看| 国产成人无码一区二区三区| 无码人妻精品一区二区三区蜜桃 | 最近最新中文字幕完整版| 色欲香天天综合网无码| 无码乱人伦一区二区亚洲| 中文字幕手机在线观看| 99re只有精品8中文| 中文字幕无码一区二区免费 | 亚洲?v无码国产在丝袜线观看| 免费A级毛片无码视频| 亚洲精品午夜无码电影网| 亚洲中文字幕成人在线| 中文字幕av在线| 狠狠躁天天躁无码中文字幕图| 无码人妻少妇久久中文字幕 | 久久中文娱乐网| 亚洲日本va中文字幕久久| 无码AV大香线蕉| 国产成人无码精品久久久久免费| 无码乱人伦一区二区亚洲| 亚洲V无码一区二区三区四区观看 亚洲爆乳精品无码一区二区三区 亚洲爆乳无码一区二区三区 | 中文字幕精品亚洲无线码一区应用 | 亚洲AV中文无码乱人伦在线观看| 免费无码又爽又刺激网站| 成人麻豆日韩在无码视频| 日本无码小泬粉嫩精品图| 日韩人妻无码精品专区| 精品亚洲AV无码一区二区三区| 中文字幕丰满乱孑伦无码专区| 波多野结衣AV无码久久一区| 亚洲大尺度无码专区尤物| 无码国产福利av私拍| 刺激无码在线观看精品视频 |