USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China to advance fiscal, taxation, financial reform

Xinhua | Updated: 2016-12-17 10:53

BEIJING - China will push forward fiscal, taxation and financial reform in a steady and proper manner, said a statement released Friday after the Central Economic Work Conference.

Revenue will be distributed between central and local governments in accordance with the clarified division of administrative responsibilities, and the formulation of the system will be quickened, according to the statement.

China will reform its financial supervision and regulation mechanism in an active, steady and proper way and work to establish a multi-layer capital market.

The government vowed to improve the governance of state-owned commercial banks and push for the development of private banks in an orderly manner.

China will also reform its old-age insurance system, according to the conference.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US