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Aside from the tough stance on market disorder, more efforts are required to foster a long-term mechanism to reform the banking sector, said Guo Tianyong.

At present, 22 projects of the China-Pakistan Economic Corridor are seeing speedy implementation, making it the central corridor of the BRI.

At a signing ceremony of agreements, UnionPay International, a subsidiary of China UnionPay, focused on the bank card association's growth of its global business, signed a memorandum of understanding with BCEL, one of the largest State-owned commercial banks in Laos, to establish a joint venture with local financial institutions to jointly operate and maintain Laos' national payment network.

Assets quality of the banks has improved notably. By the end of June, the non-performing loan ratio for ICBC stood at 1.57 percent, down from 1.62 percent six months earlier. The ratio for Agricultural Bank of China, another major bank, also dropped 0.18 percentage points to 2.19 percent.

At least 28 heads of state and government will attend the forum, which will be the highest-level international meeting since the open and inclusive initiative was proposed by President Xi Jinping in 2013. The proposal aims to build an infrastructure network and cooperation along ancient Silk Road routes, linking Asia to Africa and Europe.