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Supporting finance with confidence and specific measures
2012-07-19

The second quarter regular meeting concerning the financial analysis and policy of both currency and credit was held in Hebei on July 18. The meeting arranged the next step in managing finance according to a Symposium held by the director of the China Banking Regulatory Commission and the report of the financial condition in the first half year. Yang Chongwei, a member of the standing committee and vice managing governor of Hebei, attended the meeting and gave a speech.

Yang emphasized that financial conditions are now still complex and challenging, while everyone should realize that there are opportunities for further development because the national Macro-economic Policy strengthened the pre-set and fine tuning of the financial sector and attached importance to its steady growth with polices of increasing investments, stimulating consumption and encouraging exports. The government accelerated the construction work of important projects and infrastructure and the approval of investments, providing broad areas for the financial sector. The standing committee and the government of Hebei strengthened the management of the finance and economy by striving for approval of a host of important projects and supporting economic programs.

Yang said it was important to continue expanding credit, perfect credit services, and increase cooperation between banks and companies. The government will make better use of the credit structure and the financial system, perfect financial services for medium and small enterprises and the “agriculture-countryside-farmer” policy, and support the following: project cooperation between central enterprises, private enterprise, and foreign companies; development of coastal areas, the Beijing-Tianjin area, and the south central part of Hubei; and new strategic industries, technology improvement and important infrastructure. It was also necessary to encourage direct financing, perfect the insurance service and provide a better financial environment.





 
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