┣━Views from NPC━┫

Fuel Tax: Ma Fucai, former deputy director of the Office of the National Energy Leading Group

» China should further improve transparency with regards to levying fuel consumption tax, by excluding the tax in fuel price, said Ma.

» He also suggested reforming the natural gas pricing mechanism in order to encourage use.

Oil Reserve: Li Shaode, President of China Shipping (Group) Co.

» China should set up an industry fund for offshore oil reserves and build more offshore oil reserve facilities and supertankers to boost the steel and shipping sectors.

» The move will also help China to increase its oil reserve capacity, said Li.

Stock Index Futures: Zhu Yuchen, Head of the Shanghai Futures Exchange

» Regulators have no timetable for launching stock index futures, said Zhu Yuchen.

» But Zhu noted that the risks presented by stock index futures are predictable and manageable.

» The Shanghai Exchange is preparing investors for stock index futures through simulated trading and investor education, he said.