Nation to further solve private firms' financing difficulties

China will push ahead with supply-side structural reform in the financial sector to help private enterprises solve financing difficulties and reduce financing costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.

"Giving credit and financial support to private enterprises, especially small and micro-sized enterprises, is the most important part of the supply-side structural reform in the financial sector," said Guo in an interview on Tuesday during the annual two sessions.

"We will adjust the financial sector in terms of its institutional system, product system and market system," he added.