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Lujiazui Forum: Regulators vow support for supply-side reform


06-13-2016 16:52 BJT

Another topic at the forum is supply-side reform. They admitted the shortcomings in products and services, and promised more efficient supplies.

"All regions and trades and service have difficulties and high cost of financing, and there have been 'short plates' in financial products and services when serving innovation, small business, and rural areas," said Zhang Tao, vice governor of People's Bank of China.

"The distribution of inclusive finance is not balanced, with the financial resources obviously biased toward economically developed regions and urban areas, making it difficult for the western regions and rural areas to get overall financial services," said Guo Ligen, vice chairman of China Banking Regulatory Commission.

"It is necessary to push the market-oriented reform in merger and acquisition, intensifying the market's 'survival of the fittest' function. We would also encourage listed companies to improve their operation and boost investment returns," said Jiang Yang, vice chairman of China Securities Regulatory Commission.

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