China's policy banks are to get additional directors from domestic ministries and commissions, and external boards of supervisors will also help to improve governance mechanisms.
The China Banking Regulatory Commission (CBRC) announced on Wednesday the new supervision and management measures for the three policy banks - China Development Bank (CDB), the Export-Import Bank of China and Agricultural Development Bank of China.
The CDB will have an external board of supervisors, something which is already in place at the other two banks.
As of the end of September, the total assets of the three banks reached 25.12 trillion yuan ($3.79 trillion), with loans at 17.41 trillion yuan, data from the CBRC showed. In 1994, the State Council established the three policy banks to take over the government's policy lending.
