China will strengthen its clampdown on financial crimes including beefing up supervising and oversight systems and improving its legal system to prevent such violations. China has achieved big improvement on the issue last year.

Liu Mingkang

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We are working on a proposal how we can lift the cap. We will have future changes and the door will be open much wider.

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With the grace period provided by China's WTO agreement approaching the end, the CBRC has - with the fostering of a strategic global vision - been actively pushing forward the opening up of the Chinese banking sector.

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The year 2006...is also the last transition year after China's World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.

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the story I delivered to the public in China and outside of China is a story of 'never again.'

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They will exchange views on the nuclear issue. We will discuss how to resolve this issue ... properly through dialogue and consultation.

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