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CHINA TO SET UP DEP'T TO SUPERVISE POLICY BANKS, POSTAL SAVINGS.
Publication: AsiaPulse News Publication Date: 28-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, March 28 Asia Pulse - China's banking regulator will establish a special department to supervise the country's special banks and postal savings in an effort to strengthen supervision.
An official from the China Banking Regulatory Commission (CBRC) said it will set up a banking supervision department that will specifically monitor this area of banking.
"The department will be specifically set up to supervise 'policy-oriented banks' and the postal saving sectors,"...
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