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Last updated at: (Beijing Time) Saturday, March 16, 2002
Wen Jiabao Calls for Credit Control
Chinese Vice-premier Wen Jiabao has urged the country's state commercial banks to strengthen credit control in order to prevent financial risks.
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Chinese Vice-premier
Wen Jiabao
has urged the country's state commercial banks to strengthen credit control in order to prevent financial risks.
He asked the banks to improve their loan mechanisms, practise prudent accounting principles, adopt strict standards of information disclosure, and gradually reduce the ratio of non-performing assets.
Addressing a high-level seminar of international finance Saturday, Wen Jiabao said that China's state commercial banks could be restructured into stockholding banks with the State controlling the majority stake.
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