China planning to reform Exim Bank into a commercial bank

(Forbes, Beijing, 18 October 2007) - The Chinese government, led by the central bank, is in the process of drafting a plan to restructure the Import-Export Bank of China (Exim Bank), one of the country's three policy banks, into a into a commercial institution, said the official Xinhua news agency, citing bank president Li Ruogu. Exim Bank will transform from a government export credit institution to a bank promoting international economic operation, according to the 17th Communist Party Conference.