State Council to better supervise banking industry
( 2003-08-07 09:51) (Xinhua)
Some draft amendments on
better supervision over the country's banking industry were passed Wednesday at
an executive meeting of the State Council, China's highest governing body.
Members of the State Council found that amending the laws will help to
promote the development and reform of the country's financial sector.
The State Council will file the drafts to the Standing Committee of the
National People's Congress, China's top legislature, after further revisions.
State Council members also examined and approved in principle the draft
Provisions on the Central Management of Grain Reserve, which will be promulgated
and enacted by the State Council soon.
The meeting also heard a report on promoting urban rail transportation,
urging relevant departments to better control the quality of related projects
and ensure safe construction and operation of the rail systems.
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