Jan. 22, 2007 (China Knowledge) – A series of policies targeting at the financial sector was unveiled during the weekend at the two-day National Financial Work Meeting in Beijing chaired by Premier Wen Jiabao.

One of the key initiatives include commercializing China’s three policy banks, which are State-owned lenders that concentrate on meeting the country's economic goals instead of profitability. The first policy bank to do this would be the China Development Bank. The other two are the China Export and Import Bank (China Eximbank) and the Agricultural Development Bank of China.

Another key initiative would be the restructuring of Agricultural Bank of China (ABC), the only unlisted bank among the Big Four state-owned banks. Wen said that ABC will strengthen its role as a financial service provider for farmers and county-level businesses, while its restructuring would be across the board without having to split the bank's businesses.