Government leaders of Ningbo hold discussions with financial experts on the development of the city's finance sector on May 22. [Photo/cnnb.com.cn]

Ningbo in East China's Zhejiang province announced the establishment of an advisory committee of financial experts on May 22 to provide high-level intellectual support for the city's financial reform and development.

The members of the committee, including Liu Mingkang, former chairman of the China Banking Regulatory Commission, are Chinese professionals with extensive finance-related knowledge and working experience. They are expected to draw upon their talent and know-how to offer suggestions and advice for Ningbo's finance industry.

Zheng Shanjie, Party secretary of Ningbo, stressed the importance of finance in the pursuit of quality social development, and he hoped the committee could help the city strengthen its financial sector, optimize financial services, boost financial reform and innovation, and prevent financial risks.

"We will strongly support the committee's work and earnestly deliberate your suggestions when making decisions," Zheng said at the ceremony of the committee's establishment.

Liu, on behalf of the financial experts, said the committee members will give suggestions based on their own research findings.

Qiu Dongyao, mayor of Ningbo, confers letters of appointment to members of the advisory committee on May 22. [Photo/nbtv.cn]