Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, receives an interview after the opening meeting of the second session of the 13th National People's Congress at the Great Hall of the People in Beijing, March 5, 2019. [Photo/Xinhua]

Banks working to make financing easier for private companies: Guo Shuqing

China's financial sector is striving to solve the financing difficulties of private enterprises and reducing their costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.

"The efforts to step up support for private enterprises are closely related to the supply-side structural reform of the financial sector. We are making adjustments in terms of financial institution, market and product systems," said Guo during an interview on Tuesday.

China will continue taking new steps in financial opening-up this year, over which Sino-US trade talks are very likely to reach a consensus, Guo added.