Improving Financial Services of China’s Central Bank.docVIP

Improving Financial Services of China?s Central Bank In August 29, Deputy Governorof People’s Bank of China, Mr.Su Ning, held a press conferenceat State Council Information Office, andanswered questions from media. The pressconference mainly focused on the progressthe central bank has made in improvingfinancial services, which raised a lot ofconcern from public. At the conference,Mr. Su Ning fully illustrated that China hasachieved great progress in the recent years,and would perform better in future. “Provision of financial services is animportant function of the People’s Bankof China (PBC). Compared with othercommercial financial organizations, cen-tral bank has its own characteristics.” Mr.Su Ning said to the media, “Its servicesare appointed by the related laws, such ascurrency issue and national treasury man-agement. The services are non-profit andserves for public. More importantly, cen-tral bank should guide and supervise thefinancial services,meanwhile create aproper fundamentalenvironment for theimproving of finan-cial services.” In recent years,the PBC has fullyimplemented the ap-proach of scientificdevelopment, andproactively pressedahead with the accessibility of finan-cial statistics. PBChas made much efforts in modernization ofpayment and settlement system, standard-ization of the management of currency,gold and silver, scientific management ofthe state treasury, publicity of the creditinformation system, and the legal frame-work of anti-money laundering. In all thoseprocesses, PBC has played a circle role incomprehensively improving financial ser-vices and enhancing the sound economicand financial development.What has been achieved? According to Mr. Su Ning, the progresscould be seen from the following aspects. Firstly, financial statistics is playing arole in serving economic development. ThePBC has enhanced the fundamentals ofstatistics and put in place a statistics mech-anism in line with the breakdown of the na-tional economy and the