Governor of the People's Bank of China says reforms of the country's state-owned commercial banks will be accelerated and a series of measures will be composed. 
 
Speaking at a seminar in Beijing, Zhou Xiaochuan says China will implement stock systems both in the Bank of China and the Construction Bank in order to establish an effective management structure.

He adds that the Chinese government will allocate US$45 billion to the two state-owned banks as supplementary funds.

(CRI January 9, 2004)