At Nov.28 2002, at "Symposium on Innovation in the Designs and Minting Techonologies of CMPMCC", Deputy

Governor of the PBC. Shi Jiliang proposed that China's numismatics culture is a component part of China's advanced

culture, Chinese minting industry shall be guided under the important thought of Three Represents, keep pace with

the times, open and create new ways, adopt feasible measures, improve the innovation ability in the designs and

minting of Chinese Modern Precious Metal Commemorative Coins in an all-round way, present more fine collectibles

and investments to collectors, further develop the Numismatics Culture and Numismatics Market in China, create a

new situation in developing Chinese Gold Coin Industry and Numismatics Culture.

Deputy Governor Shi Jiliang indicted at the seminar that,

currently in China, all walks of life are studying and

implementing the spirit of the 16th Party Congress, the

convening of this seminar is an important action to implement

the spirit of the 16th Party Congress within Chinese minting

industry, and this is also the first time to convene a seminar

in this field, it is of great significance.

In the speech, Shi Jiliang fully appraised the achievements on

design and minting art of Chinese Modern Commemorative Coins during the past 23 years. He mentioned that,

throughout the past 23 years, Chinese Modern Gold and Silver Commemorative Coins industry grow out of nothing and

developed from small to large, issued accumulatively 10 major categories with nearly 1500 items of Gold and Silver

Commemorative Coins, including 3.30million oz of gold coin and 16 million oz of silver coin. These coins presented

Chinese time-honored civilization and splendid culture, recorded important events, enriched the issuance of Chinese

currencies, propelled the development of Numismatics Culture and Numismatics Market in China. We've being insist

on a national characteristics and a unique artistic style on the design of Chinese Modern Commemorative Coins, with

the constantly improved minting art, we presented a vast amount of fine gold and silver coins to collectors domestic and

abroad. Up to now, Chinese Modern Commemorative Gold and Silver Coins have been awarded 11 professional prizes

domestic and abroad, including The Best Gold Coin, The Best Silver Coin, Chinese Art and Craft Prize, Guinness World

and so on, thus established a good image internationally.

About the next step to implement the innovation in the design and production of Chinese Modern Commemorative

Coins, Shi Jiliang indicated that, Chinese minting industry shall be guided under the important thought of Three

Represents, adopt feasible measures, improve the innovative ability in the design and production of Chinese Modern

Precious Metal Commemorative Coins in an all-round way. On this matter, he proposed several feasible

requirements: Firstly, the special commodity attributes of gold and silver coins shall be fully awared and attached

great importance to, guarantee the design, project selection, production and circulation, as well as the coordinative

works in market cultivation, propel a sound development of our industry. Secondly, establish firmly an awareness of

innovation and define the direction of innovation on the foundation of carrying forward accumulated experiences. The

aims of innovations on minting technology of Chinese Gold and Silver Coins are: make serious explorations on the

foundation of carrying forward accumulated experiences; be bold in making innovations; perfect the system; enhance

the management; try hard to improve the artistic expression and minting quality; propel the issuance work clime up to

a new stage, and thus to further develop China's Numismatics Culture. Thirdly, the themes of Chinese gold and silver

coins' design shall be specific and diversified. The range of themes shall be wide, the minting shall be exquisite;

improve technological level, cultivate market; work along in an all-round way to ensure a sustained and reasonably

rapid development of Chinese Numismatics Market. Fourthly, improve the quality of gold and silver coins by increasing

the investment on minting equipments. Fifthly, propel the work of innovation by pooling strength from society. Encourage

all aspects of society to take part in the work. Extend the function of the Design and Sample Coin Appraisal Committee

for CMGSCC, insist on the criterion and encourage innovations, try to set up a criterion system of CMGSCC.

Finally, Shi Jiliang required to combine the innovations on design and minting art to do a good job in programming,

design, minting and issuance of 2008 Beijing Olympic Games' commemorative coins.

( ------Translated by Tracy of www.chinagoldcoin.net )