Business leaders call for safer finance

The financing growth task force of the Business 20 summit will urge G20 leaders to improve supervision of the financial sector, and promote inclusive and green financing to further protect consumers' interests and seek more healthy growth, the task force's chairman said on Monday.

Miao Jianmin, who is also president of China Life Insurance (Group) Co, said his team members are keen to introduce services including mobile banking products and micro insurance, as well as further relaxing financing supply restrictions to encourage financial institutions to provide more support to the real economy.

The B20 is a major supporting facility for the G20. Through task force meetings and summits, the B20 collects the opinions of world business leaders and develops consensus, it then provides policy recommendations to the G20 Summit, contributing to the G20 leaders' decisions.