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"I’m very pleased to see the authorities encouraging and guiding the private capital to invest in the banking sector. The threshold of the financial industry certainly should be higher due to risk concern, but there should be clear and transparent access standards that could be applied to all kindsf investors," said Guo Tianyong, director of the Research Center of the Chinese Banking Industry at Central University of Finance and Economics.

VIENTIANE, March 9 (Xinhua) -- The Chinese government provided two million renminbi (about 320,000 U.S. dollars) worth of disaster relief materials to assist Lao victims of last year's flooding at a handover ceremony here on Friday.

Meanwhile, in contrast to limited natural resources per capita, China's energy and resource consumption were enormous, which has resulted in high costs to curb heavy pollution, he said.

However, 44 percent of provincial jurisdictions have yet to comply with the initiative, according to a circular published Monday on the ministry's website.