Beijing toughens bank rules

CHINA - After a call by China's top leadership to strengthen supervision of the country's troubled financial system, the central bank on Friday unveiled a program for tighter inspection of bank finances.

The new policies are the first concrete results from the Central Financial Work Conference, where leading Communist Party and government officials met this week to lay out plans for financial reforms.

Analysts said the central bank's new measures are likely to be followed by a stream of others