First, we have built a diversified and multi-layered system of financial institutions and of financial market that supplement each other. At the end of 2005, the total assets in both domestic and foreign currencies of banking sector, securities sector and insurance sectors combined reached 5 trillion US dollars, about 2.5 times of GDP.
The assets of the banking sector stood at 37.5 trillion RMB, 2.06 times of GDP. At the same time, the development of money market, capital market and insurance market also made headways. The non-tradable shares reform progressed smoothly, and some institutional issues restricting the development of capital market has been gradually resolved.