1.   However, Chen acknowledged that problems remained in the transformation of specialised banks -- in the past simply bankrolled government policy -- into commercial entities.

2.   Bank of China is one of several specialised banks in China.

3.   Under the reforms, the specialised bank are to become semi-autonomous commercial entities while three new banks take over their policy-oriented obligations.

4.   Most banks in China are specialised banks which means they are allowed to undertake dealings in specific sectors such as foreign exchange, agriculture and construction.