China hopes to cooperate with foreign financial companies including Temasek Holdings of Singapore, and welcomes them to join China's financial reform, said Chinese Vice Premier Huang Ju Friday.

Huang made the remarks when meeting with Ho Ching, executive director and chief executive officer of Temasek Holdings.

Huang briefed the guests about China's economic development, financial system reform and, in particular, the reform of China's state-owned commercial banks.

He said China steadily pushes forward the reform of financial readjustment, public listing and introduction of strategic investors.

By absorbing strategic investors, China's state-owned commercial banks hope to introduce advanced technologies, experience and expertise, increase capital, improve corporate governance and risk management, and raise competitiveness, Huang said.

Source: Xinhua