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Features the China's reform policies for the reform of its banking system. Commercial banks established from 1986 to 1993; Shortcomings in the financial system; Turning the People's Bank of China into an actual central bank; Turning specialized banks into real commercial banks; Financial institutions within the network; Development of the financial market system.

The article reports on the banking regulation set by the Chinese government on the peer-to-peer (P2P) lending industry to tighten supervision of P2P.

Reports that the Chinese State Administration of Foreign Exchange (SAFE) has issued a circular on the management of foreign exchange (forex) bank cards. Number of banks of qualified to issue bank cards; Categories of forex cards in China; Trends in the customer services offered by Chinese banks. INSET: Personal Finance on the Rise..

Reports on the regulations on the national interbank bond market access by the People's Bank of China. Introduction of an access record system; Allowance of financial institutions to become a market player in the national interbank bond market upon approval of application; Punishment for financial firms conducting irregularities.

Informs about China's efforts to standardize the country's banks by establishing urban cooperative banks on basis of urban credit cooperatives. Banks to provide services for regional economic development and small and medium sized enterprises.

The article reports on the denial of claims that former Beijing Rural Commercial Bank (BRCB) president Jin Weihong was banned from the banking industry in China by the Beijing Banking Regulatory Administration on May 31, 2011.

The article offers news briefs related to the Chinese economy. According to a survey released by China's securities regulator, more than 60 percent of Chinese investors expect stock prices to rise in spite of the depressed market since January 2008. Shanghai's banking regulator told Shanghai banks to exercise caution on mortgage lending. According to domestic industry experts, China's steel prices will continue to stay high in 2008.

Reports that China's banking regulator has allowed eight more overseas banks to conduct renminbi business in China. China's efforts to open its banking sector under the provisions of its World Trade Organization entry.

Reports on the China Banking Regulatory Commission's revision of rules governing various aspects of banking.

Reports the guidance issued by the People's Bank of China, the country's central, for the external auditing of foreign-funded companies in June 1999. Details on the guidelines; Supervisory power of the bank.

Reports that 12 Chinese bank officials have been removed from their posts by the People's Bank of China (PBC) for their roles in granting loans in defiance of the central government's financial control policies. Contents of a PBC circular stating that China has brought its finances under control in 1994; Rise in bank deposits and record savings of individuals.

Reports on the possible deregulation of the banking industry in Shanghai, China. Effects of reform in the foreign exchange system; Prospects of success of deregulation of industry.

Reports on the liberalization of the Chinese banking industry. Policies of the People's Bank of China; Invitations to foreign banks; Prospects of banking investments in China.

Focuses on the decision of the Chinese State Council to establish the China Import and Export Bank to meet the needs of the socialist market economy, deepen financial system reform and bring about development of foreign trade. Policy-related financial institution under State Council; Business scope of bank.