国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

Snow urges faster China reform
(Reuters)
Updated: 2005-10-19 07:14

China could accelerate its shift to a market-based economy by giving foreign firms a freer hand in its financial services sector, U.S. Treasury Secretary John Snow said on Tuesday.

Speaking to the Securities Industry Association at the close of a week-long visit to China, the U.S. Treasury chief said China now was committed to a more flexible currency.

U.S. Treasury Secretary John Snow, left, shakes hands with Chinese Premier Wen Jiabao during their meeting in Beijing Monday, Oct. 17, 2005. [AP]
U.S. Treasury Secretary John Snow, left, shakes hands with Chinese Premier Wen Jiabao during their meeting in Beijing Monday, Oct. 17, 2005. [AP]

But it also needed more access to financial services and a more robust capital market to keep its economy expanding.

"China can quickly move forward with further liberalisation of its financial services sector by allowing foreign securities firms to establish wholly owned subsidiaries, and by expanding the scope of products securities firms can offer," Snow said.

His remarks amplified a theme Snow has been developing during his travels from the coastal hub of Shanghai to the western city of Chengdu and the capital, Beijing: that the economic dialogue with China needs to focus on more than currency issues to include less restriction on operations of U.S. banks, insurance and securities firms in China.

Speaking shortly after Snow, Chinese securities regulator Shang Fulin said the country was committed to opening up its financial markets, but added that reform would be gradual to avoid shocks to the economy.

"Fair competition and a win-win situation is our objective. But we should go about opening our capital markets in a sound and cautious way, to protect our own industries and the stability of China's economic growth," Shang said.

"Opening of financial markets should be mutually beneficial, but at the same time, developing countries face more competition and risk."
Page: 12



Wedding gown show
Renowned novelist Ba Jin passes away at 101
Rumsfeld in town to discuss military exchanges
  Today's Top News     Top China News
 

China postpones Japanese foreign minister's trip

 

   
 

Rumsfeld visit to pave way for summit meet

 

   
 

Saddam lawyer to seek 3-month adjournment

 

   
 

Snow urges faster China reform

 

   
 

Joint action helps bust cross border drug ring

 

   
 

China to issue first white paper on democracy

 

   
  China cancels foreign minister Japan trip
   
  More flexible exchange rate system promised
   
  Astronauts' safe return sparks big celebrations
   
  Koizumi's shrine visit draws rage, protests
   
  Novelist Ba Jin passed away at 101
   
  Space-age technology seeps into everyday life
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
台南市| 郑州市| 山东省| 定远县| 当涂县| 和平区| 渭南市| 莱西市| 治多县| 沙洋县| 商都县| 临湘市| 新平| 定陶县| 南开区| 孝感市| 平乡县| 万年县| 浪卡子县| 连江县| 九寨沟县| 呼伦贝尔市| 林西县| 独山县| 朝阳市| 宝丰县| 琼海市| 延安市| 乌兰浩特市| 监利县| 蒙山县| 丽江市| 泽州县| 磐安县| 平顶山市| 大英县| 太白县| 刚察县| 新和县| 星座| 股票|