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. |