"It will take time for the pilot reform in Wenzhou to show some effect, requiring further observation as it enters its second year."

Pan Gongsheng, vice-governor of the People's Bank of China

"Financial reform is tied inextricably to industry restructuring. The financial plaza will eventually work as a platform to help SMEs and individuals solve financial problems using multiple methods at lower risk. If the pilot financial reform in Wenzhou succeeds, it will have a positive effect on the Chinese economy."