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The managers of the foreign exchange reserve are also required to produce a more professional performance. And the government is to improve the results from its public service investments.

During the conference, guidelines and policies were mapped out for the financial opening-up and the country's financial security. Concerns include supervision mechanisms in the financial field and the necessary financial legal texts.

Touching the most pressing major financial issues, the measures, strategies, policies and decisions announced at this latest financial work conference form a complete sketch for financial reform fitting well into the country's financial realities.

The author is professor of finance and vice-dean of the School of Economics, Fudan University

(China Daily 02/09/2007 page10) 

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