We welcome foreign institutions with sound market reputation and credit records, especially those with specialties and expertise in risk control, pension management, consumer finance, wealth management and health insurance, to enter China and vitalize the market. We also encourage Chinese financial institutions to “go global” and do business in host countries in accordance with local laws and regulations. IV.
Price stability was indicated as the primary objective of monetary policy but – as the Final Report of the conference maintained – if it was to be achieved, it had to be entrusted to central banks that were independent of their governments. 3 These principles were forgotten for many years after the Second World War.