Voices of corporate heads, ministers at the 'two sessions'

File photo of Lai Xiaomin, president of China Huarong Asset Management Co Ltd and deputy of China's 12th NPC, Shanghai, June 28, 2013. [Photo/IC]

China has too many large banks, but not many small-sized ones. We should make efforts to develop the small and medium-sized banks, especially private ones. Under the "new normal", the non-performing loans of banks have rebounded, but the situation is still under control. China's financial market is stable, and the deposit insurance system for banks will be released this year.