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PBOC gets data on rural banking

By Yu Lu | 皇冠体育app Daily | Updated: 2007-08-30 07:08

PBOC gets data on rural banking
Cyclists pass a billboard for the Rural Credit Cooperative of 皇冠体育app in Liaocheng, East 皇冠体育app's Shandong Province. Feng Lei
A sub-branch of the People's Bank of 皇冠体育app in Changchun, Jilin Province, recently set up a monitoring system to collect data on new financial institutions in the province's rural areas.

The new measure is part of the government's efforts to reform the rural financial system and improve services in the countryside.

Under the 皇冠体育app Banking Regulatory Commission (CBRC) pilot scheme launched in December 2006, which scrapped working capital limits for rural financial institutions, five new institutions were set up in Jilin Province by the end of June.

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