intended purpose.
We will encourage large and medium commercial banks to establish inclusive finance departments. Large state-owned banks should take the lead in this effort. We will adopt differentiated assessment and evaluation measures and supportive policies, and effectively address the problem of medium, small, and micro enterprises being unable to access loans or having to pay high interest to secure loans.
We will make good use of policy-backed and development-oriented finance, and strengthen the role rural credit cooperatives play in meeting the needs of agriculture, rural areas, and farmers.
We will deepen the reform of the multi-tiered capital market, improve the basic systems of the main board, actively develop the ChiNext stock market and the new third board, and see that regional equity markets develop in a well-regulated way. We will expand channels for using insurance funds to support the real economy. We will make major efforts to develop green finance.
At present, overall, systemic risks are under control. But we must be fully alert to the buildup of risks, including risks related to non-performing assets, bond defaults, shadow banking, and Internet finance. We will take steady steps to advance the reform of the financial regulatory system, and work systematically to defuse major potential risks. We will ensure order in the financial sector and build a firewall against financial risks.
The fundamentals of the Chinese economy remain sound, the capital adequacy ratio and provision coverage of commercial banks remain high, and we have many financial tools and instruments that can be used. We have the confidence, the ability, and the means to forestall systemic risks.
We will speed up the reform of SOEs and state capital.
We should develop a corporate governance structure (represented by legal person) that is under effective check and a flexible and efficient market-based operating system, with a view to increasing core competitiveness and making resource allocation more effective. This year we will basically complete the introduction of corporate systems into SOEs. We will deepen reform to establish mixed ownership systems, and make substantive progress in industries including electric power, petroleum, natural gas, railways, civil aviation, telecommunications, and defense.
We will advance structural reform in the power, oil and gas sectors and open
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