Financial system reform

Emphasis needs to be placed on helping the country's real economy, SMEs in particular, gain easier access to funds

The Third Plenary Session of the 18th National Congress of the Communist Party of China is expected to set the tone for new reforms in the coming years, and there are high expectations that it will signal further financial reforms.

To eliminate the structural imbalances in the country's financial sector will be a key issue in any financial reforms. Aside from the marketization of its interest and exchange rates, the emphasis should be on how to raise the efficiency of its financial resources distribution and how to help its real economic activities gain easier access to financial support.