In the case of Greece, the package of support measures also involves a voluntary contribution of the private sector – an important factor to increase risk awareness among institutional investors – as well as a debt buy-back program. To calm markets and ensure the smooth functioning of the transmission channel, the Eurosystem reactivated its bond purchase program in mid-August.
In 1992, Mr. Jiang Zemin pointed out in the report of the 14th CPC National Congress that accelerated efforts should be made to build Shanghai into an international economic, financial and trade center to promote the economic development of Yangtze River Delta and the whole Yangtze River valley.