Uncoupling Work in China's Financial System Basically Completed
¡¡¡¡According to sources from the People's Bank of China, there were originally 3511 economic entities operating under all bank branches of the People's Bank of China. By the end of last December there were as many as 3226 of these or 92% of the total that had already unhooked their connections with the People's Bank of China. As for the remaining ones, following a decision of the State Council and related regulations, a complete uncoupling of all connections with various bank branches under the People's Bank of China is still demanded at a much earlier date as possible in China.
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Economicnews 1999-01-21 Page2
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