| China to Issue Shareholding Reform Guidance for Banks |
|
| Wednesday,January 25,2006 Posted: 05:14 BJT(2114 GMT) Xinhua News |
China will issue a shareholding reform supervision guidance for large sized state-owned commercial banks in a bid to instruct the in-depth reforms of those banks.
To steadily promote the banks' reform is an important job for China's Banking Regulatory Commission (CBRC), said CBRC President Liu Mingkang on Wednesday.
The banks should focus more on customers and market and promote the implementation of their cooperation agreements with strategic investors. The CBRC would make efforts to solve related issues on asset management companies and encourage qualified companies to establish fiscal companies.
Liu said the banks should offer loans for more medium and small sized companies, and develop auto loan management methods and real estate loan risk management methods.
He said China will issue white papers on its banking sector's opening up when time is right and revise supervision regulations on foreign financial institutions.
|
Bilateral Visits
