Central Banking

PBOC vows to promote e-banking

CHINA - A senior official of China's central bank said on Apr 7, 2001 that the central bank is adopting active measures to support the development electronic banking.

Chen Jing, director of the Department of Science and Technology of the People's Bank of China, said at the 5th China International E-commerce Summit that the central bank is organizing commercial banks to study issues concerning finance on the Internet and e-commerce.

"The central bank has set up three special researching teams to