Voices from the two sessions
Mei Xingbao
, a member of the National Committee of the Chinese People's Political Consultative Conference and former chairman of China Orient Asset Management CorpChina's financial industry should stick to the principle of serving the real economy. Financial institutions should avoid 'self-fulfilling' activities with funds circulating within the financial sector or pouring funds into a single sector, such as the property market. There are many problems in the asset-management industry and there should be unified regulation. In addition, Chinese banks should continue to use debt-to-equity swaps to accelerate the disposal of nonperforming loans.
Yang Kaisheng
, a member of the CPPCC National Committee and former president of the Industrial and Commercial Bank of China
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