Supervisors Sent to Major Banking Institutions

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Tuesday, August 22, 2000, updated at 09:36(GMT+8)

Business

Supervisors Sent to Major Banking Institutions

The State Council Monday set up 15 supervisory boards in 16 major state-owned banking institutions.

Yan Haiwang, deputy secretary of the Financial Work Committee of the Communist Party of China Central Committee, told the supervisors that the establishment of the supervisory boards in major banking institutions is aimed to improve the banking sector's supervision and quality of its state-owned assets.

The 16 banking institutions include eight banks, four assets management corporations, three insurance companies and one securities company.


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	The State Council Monday set up 15 supervisory boards in 16 major state-owned banking institutions.




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