China Banking Regulatory Commission(CBRC) has five major tasks underway, according to the source from the commission Thursday.
According to the CBRC at Thursday's press conference, the tasks include: an overall assessment of the risk profile of all deposit-taking institutions; a comprehensive on-site review of the supervisory loan classification system and areas for potential improvement; to promote the comprehensive reform of the state-owned banks and undertake a trial project for restructuring rural credit cooperatives; the revision of banking rules and regulations in line with the legally defined regulatory and supervisory responsibilities; and the stress on development, while exploring creative thinking and new approaches to addressing the problems at hand in the interest of further reform and opening up to the outside world.
(Xinhua News Agency May 29, 2003)
