China will further deepen financial.....>

CHINA PRESS: China will further deepen financial reforms to optimize the

multi-layer capital market system and the market-oriented interest rate and

exchange rate formation mechanisms, the China Securities Journal said in a

front-page commentary Wednesday. The deleveraging campaign has made progress,

although the financial system leverage ratio is still high. Direct fund raising

needs to be increased and weaker sectors,including the micro and small

companies, need more financial support, the commentary noted. China will push

forward the opening of its capital account at a stable pace and improve the

efficiency of financial regulation, the commentary added. (China Securities

Journal)