China is ramping up efforts to accelerate financial reform in accordance with a landmark resolution adopted by the country's leadership, a Central Finance Commission official said in a recent interview with China Central Television (CCTV) in Beijing.
At its third plenary session held in Beijing in mid-July, the 20th Communist Party of China Central Committee adopted a resolution on further deepening reform comprehensively to advance China's ongoing modernization drive, which makes comprehensive arrangements for the deepening of the financial system reform.
Wang Jiang, executive deputy director of the Office of Central Financial Commission, said for the various tasks outlined in the financial system reform, they will first understand the reform requirements, the positioning, direction, and content of each measure, and grasp the logical connections between the different reform tasks. Authorities will then formulate a detailed implementation plan and strengthen supervision to ensure the delivery of the necessary reform measures.
"We will specify the tasks, roadmap, time schedule, priorities and persons in charge, and strive hard to transform the resolution from 'freehand brushwork into claborate-style painting'. With a sense of urgency and responsibility, we must advance various reforms in a solid and orderly manner, implement all must-do reforms as soon as possible, and ensure the timely promotion of all reform tasks," said Wang
The official also stressed the importance of establishing a sound follow-up supervision mechanism to advance the reform, and continuously and dynamically assess the implementation of the reform tasks.
China ramps up efforts to accelerate financial reform
