China and the European Union (EU) on Wednesday held the Third China-EU Financial Dialogue here, aiming at beefing up exchanges in financial policies.

At the one-day meeting, the two sides discussed various topics of mutual concern, such as macro-economic situation and policies, reforms in financial sectors, guidelines on accounting and governmental purchases.

Chinese Vice Minister of Finance Zhu Zhigang and EU Commissioner for Economic and Monetary Affairs Joaquin Almunia attended the meeting.

The Chinese delegation is composed of officials from Ministry of Commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission.

The EU side draws together representatives from the EU Commission in charge of economic and monetary affairs, internal market and services and external relations, as well as officials from the European Central Bank.

The China-EU Financial Dialogue was officially launched in February, 2005, thus creating a new channel for the two sides to conduct cooperation in broad economic policies and financial areas. It also serves as a significant platform to increase mutual understanding, promote cooperation and enhance the all-round strategic partnership between China and the EU.

The Fourth China-EU Financial Dialogue will be held in China next year.

(Xinhua News Agency July 5, 2007)