Source: CCTV.com

10-19-2007 13:22

Special Report:   17th CPC National Congress

The president of the Agricultural Bank of China, Xiang Junbo, has announced on the sidelines of the 17th National Congress of the CPC that preparations for the bank's share reform are almost done.

Xiang said global auditor Deloitte Touche Tohmatsu has finished an audit of the bank's 2005 and 2006 financial reports. And the National Audit Office has completed a special review of ABC's non-performing loans. Xiang said once the reform plan is approved, financial reshuffling will start immediately.

Meanwhile, in a separate interview, the chairman of the China Banking Regulatory Commission said ABC will be overhauled in the same way as the other big banks, like the Industrial and Commercial Bank of China.

 

Editor:Xiong Qu