The People's Bank of China has..........>

CHINA PRESS: The People's Bank of China has examined banks and their interbank

certificate of deposit accounts, and ordered 40 banks to make related changes to

their interbank businesses, Caixin reported Tuesday. The banks range from large

state-owned banks to small banks, including branches of Agricultural Bank of

China, China Minsheng Bank, China Construction Bank, Bank of China, China

Merchants Bank, Pingan Bank, Bank of Nanjing, and Hengfeng Bank. The central

bank said that banks at the local level have a higher level of "illegal

practices" and lack awareness of potential risks, and that the banks'

examination processes in opening accounts  are not strict enough, Caixin

reported. The PBOC gave the banks three to six months to resolve the problems,

during which they will be prohibited from conducting interbank account

businesses. (Caixin)