The opening speech of the National People's Congress yesterday by Chinese Premier Li Keqiang has seen him announce the next steps in the government's financial reform plans.
The new plans include the creation of a deposit insurance system for banks.
The Premier has also promised to further liberalize interest rates by giving financial institutions more power to set their own level of returns.
The government work report also suggests the government is going to open up more small and medium-sized banks to private capital.
The band in which the Renminbi trades within on a daily basis is also expected to be widened.
For more on the new economic plans, we're joined live on the line by CRI's financial commentator Cao Can.
