Attendees at the meeting stressed the need to establish a working mechanism for regional financial reforms that allows dynamic adjustments. Follow-up evaluation and third-party assessment of the reforms will be enhanced. Any pilot reform that delivers few concrete results, or seriously deviates from the reform objectives must be promptly redressed or halted. No do-nothing pilot reform will be allowed.

Regions where pilot reforms have met their objectives and delivered notable outcomes will be encouraged to explore new reforms. Their replicable practices shall be applied in wider areas at a faster pace, so that financial reform and opening-up and innovation can better boost development, improve people's lives, and avert risks.

"Innovation in regional financial reform needs to follow macro policy and serve the larger interests. Local governments must play a part and fulfill their due responsibilities in supporting the growth of small-and medium-sized companies and coordinating the macro policy with need of regional development," Li said.

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