1. Reuters: Hello, I’d like to know whether all the officials of the central bank and the three commissions and heads of the major commercial banks on the schedule sent to us earlier have confirmed their presence at the forum.

　　Fang Xinghai: Yes, they’ve confirmed.

　　Reuters: Any changes to the schedule?

　　Fang Xinghai: There will possibly be some changes before the forum, but the answer to your question is affirmative.

　　2. Eastday.com: Mr Fang, the theme of the Lujiazui Forum is“Deepening Financial Reform -- China in the World.”Could you tell us how the theme is related to deepening the reform of China’s financial system and pushing forward Shanghai’s financial market construction? Thank you!

　　Fang Xinghai: As it is known, the world began to pay much more attention to China’s financial market growth last year. The deepening reform of China’s financial system has brought about fast expansion of the country’s financial market against the backdrop of sizzling economy. The theme is set in this situation. That’s to say, the forum expects to gather more experience in developing the financial market from other countries and focus the world’s attention to China onto Shanghai. It will be of great help to China’s financial reform and the endeavor to build Shanghai into an international financial center.

　　In addition, China faces the task of deepening the financial reform. The task demands us learning more from other countries in developing the financial market. That’s why we decided on the theme, and we hope the forum will contribute to deepening China’s financial reforms. Thank you.

　　3. China National Radio, China Radio International: I’ve a question for Mr Li Chao. We noticed that the Beijing city government and the CPC Beijing committee published a document the day before yesterday, outlining the city’s blueprints for building itself into a modern financial center. Many regions in China are showing an enthusiasm to build a financial center, and what does the central bank think of it? Thank you!

　　Li Chao: We also noticed the document Beijing published the other day as it got a wide media coverage. There are different levels of financial centers. For example, a mayor of a western China city consulted me the other day about how to build a financial center there. Everyone has learned from the economic development that finance is key to the economy not only in a city but in a greater region. So we support such enthusiasm. However, a financial center takes much more effort to build than a word by a certain government official, as it involves a variety of factors like the economic growth, financial system and infrastructure. Of course, the government plays an important role as a promoter. The central bank hopes that the whole society, including the governments of different levels, will show concern for the financial development, including the construction of the“financial ecology”mentioned before, and that finance will play a greater and better role in economic growth. Thank you!

　　4. Shanghai Morning Post: I’ve a question. This year is the 18th anniversary of Pudong’s opening to the outside world. The first Lujiazui Forum is held in Pudong, and does it signify something, for example, Lujiazui is expected to be the center of Shanghai as an international financial center, or Lujiazui will possibly be the Shanghai version of Wall Street? Thank you!

　　Fang Xinghai: I think it does signify something. The Lujiazui Finance and Trade Zone is the foothold for the construction of an international financial center in Shanghai, and that’s why the forum is named after the zone. Lujiazui is not so well known in the world as in the country, but with progress of the construction of the financial center, it will be known to more and more people in the world. A typical example is the Davos Forum, which is named after a town of Switzerland, and after 30 years, everyone now knows the forum.

　　In addition, Shanghai must pilot many programs to build an international financial center, and we have piloted many financial reforms in Pudong, given its favorable conditions brought about by the comprehensives reforms in the past years. In this sense, the forum is related to the 18th anniversary of Pudong’s opening to the outside and Pudong’s comprehensive reforms.

　　5. 21st Century Economic Herald: I’ve three questions: First, could you brief us on the subject of the closed-door meeting scheduled for May 8? Who are expected to attend the meeting? I heard that the meeting might be put off, could you confirm it? The second question: how does the Beijing financial center differ from the Shanghai one in terms of positioning? Will there be competition between them and how do you understand the competition? The third question, what support will the Banking Regulatory Commission lend to Shanghai in building its into an international financial center, and how effective supervision is ensured in financial reforms and cross-industry operations?

　　Xia Lingwu: Thank you for your interest in the work of the Banking Regulatory Commission. I’m so pleased to be at this press conference, but I’m not the spokesman for the commission. You have good questions, which touch on the growth trend of the banking industry. I’ll find a chance to answer your questions. Thank you!

　　Fang Xinghai: The May 8 closed-door meeting you mentioned is the first meeting of the international advisors committee under the“leadership team for promoting the construction of the Shanghai international financial center.”The committee was formed last August, and its main job is to offer advice on better promoting the construction from the angle of international experience. Its members are mainly executives at world-famous financial institutes, famed experts and scholars, as well as some who have been leaders at overseas financial supervision agencies. There are 11 members now, for example, the CEO of Morgan Stanley who will attend the meeting of the committee and the plenary meeting on the morning of May 9. The meeting will take place as scheduled.

　　As to the difference between the international financial centers in Shanghai and Beijing, I’m afraid I don’t have enough time to deliberate today. Generally speaking, the financial system in our country is still not so advanced and has a great room to for improvement, given China’s economic growth rate and scale. That’s why many areas, including not only Beijing but also many cities in the middle and western China, emphasize developing finance, and it’s a good thing. The cities are enthusiastic about financial reforms and innovations, and they can learn from each other’s innovations, which is very good. Generally speaking, we have the same goal, namely, to develop China’s financial sector and to modernize China’s financial system.

　　6. Bloomberg News: I’d like to know whether Vice Mayor Tu Guangshao will attend the forum. The journalists whose pass is marked can attend the meeting all day long while the others can only attend some meetings, is there such a division? And can journalists attend the lunch lectures that are very important?

　　Fang Xinghai: I’ll answer the first question. The director of the forum preparatory committee is Mayor Han Zheng, and the deputy director is Vice Mayor Tu Guangshao. Tu is in charge of specific preparatory work, and you’re sure to see him at the forum.

　　Chen Qiwei: All the media outlets are open to the pass mark, and there is no differentiating Chinese and foreign press. About 300 will be invited, and there should be no preferential treatment.

　　7. Caijing Magazine: Mr Fang, as some closed-door meetings are off limits to the press, will these meetings publish something afterward, such as the results of the discussion or some suggestions? You recently said that Shanghai had entered the stage of assets management in its process of building an international financial center, could you tell us if there is emphasis or measures during this stage?

　　Fang Xinghai: I won’t answer the second question as it is irrelevant to today’s topic of forum preparations, but I’ll give you an answer when I have the chance in future. About the first question, because they are closed-door meetings, interviews are ruled out, but some information will be released to the press afterward.

　　8. Oriental Daily: Some say the bus accident the other day was a terror attack. Will security be enhanced at this forum? Has the suspect been caught? Was it a terrorist attack?

　　Fang Xinghai: My point is: we’ll do as planned about security at the forum. Shanghai and Pudong governments will ensure security and order at the meeting.

　　Chen Qiwei: I’ll add something to the answer Mr Fang gave. The reports over the past two days about the bus fire are all very clear, and none of them referred to it as a terror attack.

　　9. Lianhe Zaobao: I know that it is a topic press conference today, but everyone is concerned about the hand-foot-mouth epidemic. The question for the spokesman is: Is there new evidence to show that the infections come from the rural areas?

　　Chen Qiwei: I said just now that it is a topic press conference today. If you’re interested in the question, I’ll answer you individually after the conference.

　　10. China Business News: The Lujiazui Forum underlines the joint efforts by the central bank, the three commissions and Shanghai to push forward the construction of an international financial center. Will the four agencies and financial support and supervision organs follow up with some policies in support of the construction of the international financial center? Could you give a brief introduction?

　　Wang Jianping: It should be noted that Shanghai has been forerunner in the country in piloting reforms of the securities and futures markets since China initiated the reform and opening policies. Shanghai had launched the reforms of the stock system and the futures market well before the China Securities Regulatory Commission was formed. The commission has been giving full support to Shanghai since it was set up, including support to the strategy set by the CPC Central Committee and the State Council to develop Shanghai into an international financial center. The policy support is also noticeable, as in the securities market where Shanghai has been positioned as a market for listing big blue-chip companies. The futures market will feature industrial products and financial products, and I think the bonds market will more or less follow this trend.

　　What policies do we have now? The Securities Regulatory Commission will go through the normal channels to publish some new policies and new products, and I’m sorry to say that I cannot enumerate them here.

　　Li Shiling: Thank you for the question. The Insurance Regulatory Commission is an active participant and supporter of the Lujiazui Forum and has paid great attention to it, as Shanghai is a window to showcase China’s opening insurance market. We think Shanghai is well founded to build an international financial center. That’s why the top officials of the Insurance Regulatory Commission, including Director Wu Dingfu, will be here tomorrow. Mr Wu has prepared a key-note speech and is sure to bring news on the commission, and I hope you’ll pay special attention to his speech, on which I will not specify here.

　　Li Chao: As I understand, the Shanghai international financial center is a strategy set by the CPC Central Committee and the State Council, and accordingly the central bank and three commissions will give full support and coordination. As mentioned by Director Wang of the Securities Regulatory Commission, Shanghai is, relatively speaking, advanced in the country in many aspects, including the financial market. The city also boasts a large number of financial institutes, like the Shanghai Stock Exchange, Futures Exchange, the Foreign Exchange Center and the China UnionPay. It is an evidence of the support to Shanghai that all major financial institutes center in the city. Meanwhile, the Credit Reference Center of the central bank will be unveiled in Pudong on the morning of May 9, and I hope the press will go and check out. In addition, the central bank’s Shanghai headquarters has established a Yangtze River Delta financial coordination system with joint efforts of Shanghai, Jiangsu Province and Zhejiang Province, and a forum featuring the new system was recently held in Nanjing, capital of Jiangsu. It’s understandable that the Lujiazui Forum has invited many experts and scholars and senior executives of financial institutes to offer advice on how to better support Shanghai in building an international financial center.

　　Xia Lingwu: Very good question, since we’re working on new measures. Little news on the Banking Regulatory Commission and its policies is available today as the press conference features the Lujiazui Forum, but we can have a good talk sometime later. Thank you.

　　Fang Xinghai: I’ll talk briefly. The progress in the construction of an international financial center would have been impossible without the support of the central bank and three commissions, which have always taken care of and offered support to our work. To make greater progress in future in building the international financial center, we need more support and help from the central bank and the three commissions. Of course, the Shanghai government, especially the financial office, will spare no efforts to push forward the construction. In fact, the heads of the central bank and the three commissions all will join the forum, which bears out their full support to the construction of the international financial center.

　　11. China Business News: One more question. Are the two lunch lectures open to the press? The press release says an official from the State Council will deliver a key-note speech, could you tell us which official? Thank you.

　　Fang Xinghai: As I know, the lunch lectures are open to the press. You will know who the official is on May 9.

　　12. Money Weekly: Mr Fang, is there any progress on the Disney project? And it is said that Shang Shi will have a chance to join the program, is that true?

　　Chen Qiwei: This is unrelated to today’s press conference. Sorry.

　　13. Dow Jones: I checked the Website and found the English version of the schedule differs slightly from the Chinese version, so which version is correct? The second question is about the press card mark. When will we know whether we have the mark? Will one media outlet be limited to one mark?

　　Chen Qiwei: I’ll answer your second question. For press issue, please contact the forum’s press department.

　　Fang Xinghai: I don’t know when you checked the Website for the agenda; after all the agenda for such a large-scale meeting is sure to be updated frequently. Anyway, the bilingual one we hand out on the afternoon of May 8, when the registration starts, will prevail.

　　Dow Jones: So for now, which version has the latest updates, the Chinese or English?

　　Fang Xinghai: The updates are simultaneous. If there is a slight difference, it is because of the update speed, but they should be always consistent.

　　Chen Qiwei: Thank you for coming to today’s press conference.