OREANDA-NEWS. January 31, 2013. Premier Wen Jiabao emphasized the need to advance financial sector reform and development during a visit to PBC, reported the press-centre of PBC. 

At about three o’clock in the afternoon, Premier Wen Jiabao came to the PBC headquarter in Beijing. He met with staff members of Financial Statistics and Analysis Department and Monetarty Policy Department, and listened to a briefing on the development and operation of state treasury system, personal and corporate credit information system in the Financial Information Center.

Then Premier Wen had a discussion with senior officials from PBC, CBRC, CSRC, CIRC and major commercial banks. He reviewed the historial changes that came as a result of financial sector reform and development. He said that the current economic situation in China would be impossible without the solid foundation laid by major financial sector reform, stronger financial regulations and financial risks control measures taken by the central government. The achievement of the financial sector would be written into history.

Premier Wen said the domestic and international environment would remain severe for a period, thus it was necessary for the monetary policy to continue to play a key role in preserving sustainable and healthy economic development, addressing inflation, and controlling risk, encourage market-oriented financial innovation, enable various kinds of financial institutions to play their respective roles, accelerate the development of private financial institutions, improve the modern financial system that functions to promote macroeconomic stability and support the development of real economy, speed up the development of multi-tiered capital market, cultivate insurance market actively, advance financial reform, strengthen the institutional building of modern financial enterprises, advance market-based interest rate reform, improve the RMB exchange rate regime, promote the use of RMB in cross-border trade and investment activities, gradually realize RMB convertibility in capital account, guard against and defuse financial risks, preserve financial stability and the security of financial industry.

Premier Wen Jiabao said financial sector development has provided opportunities for professionals in the sector. They have become assets of the financial sector. Going forward, Premier Wen envisaged continued measures to build a large contingent of professionals with modern financial knowledge, innovative and international perspective.