Tang Shuangning, the vice chairman of the China Banking Regulatory Commission said at the 2007 China Finance Market Forum on April 19 that the reform of China's banks has been successful overall, but that reform needs to be expanded further and go deeper in the future.

Tang Shuangning said that the reform of China banking industry has erased some longstanding problems. The proportion of non-performing loans has fallen from between 40% and 50% to just 7.5 percent.

By People's Daily Online