... development of non-banking financial institutions, the establishment of several insurance companies, the fast growth of securities industry, the start-up of Shenzhen and Shanghai StockExchanges and the ... international standards. The first step is to revise the accounting system of banking industry for the purpose of encouraging commercial banks to disclose information of non-performing loans and increase ... made in upgrading financialoperations and financial services, and in conducting systematic study on bankingbusiness development, its security system, risk prevention as well as supervision.Formulation...