Rural financial reform expands to Lishui
By Jane Feng |
May 18, 2012, Friday
|
Print Edition
Print Edition
CHINA has chosen Lishui in Zhejiang Province to expand its financial reform to the rural areas.
Zhou Xiaochuan, governor of the People's Bank of China, has called for measures to develop a "multi-layered" financing system to better serve the agriculture, technology and culture sectors, as well as to boost the bond market and the equity market.
In a statement on its website yesterday, the PBOC said it will accelerate the development of rural banks, small-sum credit companies and rural insurance services. The central bank will also encourage rural companies to issue bonds, and qualified firms will be recommended to go public on the small and medium enterprise board and the growth enterprise market, the statement said.
Lishui becomes the second pilot city in the province to carry out financial reform, joining Wenzhou.
Zhou Xiaochuan, governor of the People's Bank of China, has called for measures to develop a "multi-layered" financing system to better serve the agriculture, technology and culture sectors, as well as to boost the bond market and the equity market.
In a statement on its website yesterday, the PBOC said it will accelerate the development of rural banks, small-sum credit companies and rural insurance services. The central bank will also encourage rural companies to issue bonds, and qualified firms will be recommended to go public on the small and medium enterprise board and the growth enterprise market, the statement said.
Lishui becomes the second pilot city in the province to carry out financial reform, joining Wenzhou.
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