Past meetings have set key policies
By Feng Jianmin |
January 7, 2012, Saturday
|
Print Edition
Print Edition
THE National Financial Work Conference has been held every five years since 1997, each of which has marked significant policy changes and industry reforms. It is conducted by the top financial officials in the banking, securities and insurance sectors.
Here are highlights of previous meetings.
Novomber 17-19, 1997
A 270 billion yuan special treasury bond issued by the Ministry of Finance to replenish capital of big-four banks;
Non-performing bank assets totaling 1.4 trillion yuan transferred to the four newly established asset-management companies;
Liquidity-management measures such as asset-liability ratio put in place;
Establishment of the China Securities Regulatory Commission and China Insurance Regulatory Commission.
February 5-7, 2002
Key policies issued to facilitate restructuring and overseas stock listing of ICBC, CCB and BOC;
Shutdown of the Central Financial Work Committee and establishment of the China Banking Regulatory Commission.
January 19-20, 2007
Reform policy push of banks, including China Development Bank;
Setup of the China Investment Corp to act in foreign exchange reserve investment;
Improvement of the yuan's exchange rate regime and the forex reserve management.
Here are highlights of previous meetings.
Novomber 17-19, 1997
A 270 billion yuan special treasury bond issued by the Ministry of Finance to replenish capital of big-four banks;
Non-performing bank assets totaling 1.4 trillion yuan transferred to the four newly established asset-management companies;
Liquidity-management measures such as asset-liability ratio put in place;
Establishment of the China Securities Regulatory Commission and China Insurance Regulatory Commission.
February 5-7, 2002
Key policies issued to facilitate restructuring and overseas stock listing of ICBC, CCB and BOC;
Shutdown of the Central Financial Work Committee and establishment of the China Banking Regulatory Commission.
January 19-20, 2007
Reform policy push of banks, including China Development Bank;
Setup of the China Investment Corp to act in foreign exchange reserve investment;
Improvement of the yuan's exchange rate regime and the forex reserve management.
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