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China Development Forum 2002 Minister's Speech: Developing China's Capital Market and Speeding Up Banking Reform

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  • Dai Xianglong

Abstract

In this ministerial speech to the China Development Forum in Beijing, March 2002, I emphasise the importance of the People's Bank of China in implementing sound monetary policy and strengthening financial support for economic development. For these purposes China's capital market needs to be further developed to increase the share of direct financing, and state-owned commercial banks need to be reformed to establish appropriate incentives for loan marketing as well as internal control.

Suggested Citation

  • Dai Xianglong, 2003. "China Development Forum 2002 Minister's Speech: Developing China's Capital Market and Speeding Up Banking Reform," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 1(1), pages 131-135.
  • Handle: RePEc:taf:jocebs:v:1:y:2003:i:1:p:131-135
    DOI: 10.1080/1476528032000039785
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