During the 11th Five-Year Program period (2006-2010), China will continue to boost the shareholding reform of state-owned finance enterprises, said Vice Premier Huang Ju when meeting with a delegation of the Hong Kong Association of Banks on Tuesday.

The delegation was headed by Hong Kong Monetary Authority Chief Executive Joseph Yam.

China's current economic and social development is good in general, and the government is making efforts for the formulation and implementation of the 11th Five-Year Program, said Huang.

During the 11th five-year period, China will continue to enhance reform and further opening-up, putting emphasis on the improvement of corporate governance structure of finance institutions, consolidation of internal control mechanism, and improvement of finance institutions' asset, profit-earning capability and service quality, so as to better safeguard the financial stability and security, he said.

People working in Hong Kong financial circles have played a positive role in promoting economic exchanges between Hong Kong and the mainland, said Huang, expressing hope that the Hong Kong financial industry will continue to enhance cooperation with the financial and other industries of the mainland so as to promote common prosperity in the mainland and Hong Kong as well.

(Xinhua News Agency November 1, 2005)