Cultivation of transaction entities and intermediary institutions will be intensified, and fundamental institutional building of bond market will be expedited to further push forward the balanced development of financial market. Ladies and gentlemen, on December 11, 2006, the transitional period under China’s WTO commitment will expire, and China’s economic reform and development will definitely enter into a new historical era.
As the central bank, the PBC will further strengthen and improve macroeconomic management, actively promote financial reform and opening up, in an effort to create a favorable macroeconomic environment for sustained, stable and healthy development of national economy. Thank you. BIS Review 119/2006  3