China Holds Key Financial Policy Conference Every 5 Years Since 1997
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The national financial work conference is held every 5 years since 1997 and makes important decisions on China's financial policies.
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The 1997 conference responded to the Asian financial crisis by setting up financial regulators and asset management companies.
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The 2002 conference proposed reforms to modernize banks and established the banking regulator.
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The 2007 conference set up China's sovereign wealth fund and supported rural financial reforms.
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The 2023 conference is expected to address property sector issues, local debt, and financial stability.