The 18th CPC Central Committee, composed of more than 200 senior Party officials, will convene its third plenum from November 9 to 12 to discuss major economic and social issues concerning comprehensive reform.
China will open up the banking sector wider by allowing qualified private capital to set up small- and medium-sized banks, said a key CPC decision.
China will loosen its decades-long family planning population policy, allowing couples to have two children if one of them is an only child, according to a key CPC decision issued on Friday.
China will enhance regulation of income secondary distribution through taxation, according to a key CPC document publicized on Friday.
A senior official of China's family planning authority said that the easing of birth policy will not put much pressure on food supplies or public services.
Like many migrant workers, Huang Ying, 45, has scant interest in the outcome of China's top-level reform meeting, but when told about possible changes concerning her land in the countryside, she knows what's in her best interest.
Although the Party has decided to abolish the controversial laojiao system, the official end of the system can come no earlier than late December.
The planned State Security Committee will serve as a strong platform to coordinate work related to national security and will handle domestic and foreign security challenges.
The Party on Friday promised to push forward with profound reforms in coming years, stressing the rule of law is a necessity to achieve prosperity.
China is to commission a specialized high-level group to design and coordinate the country's "great revolution" of reform and opening-up.
A modern financial system that supports the initiative of both central and local authorities should be set up, a communique issued Tuesday after a key meeting of the Communist Party of China (CPC) said.
That Premier Li Keqiang compared China's financial reform to "a key move of a chess piece to revitalize the whole game of the Chinese economy" exemplifies the reform's significance to the Chinese economy.
Major steps to reform State-owned enterprises will be taken after the four-day Third Plenum of the Communist Party of China's 18th Central Committee.
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