Fraud won't slow banking reform: chief

Bank of China (BOC) and China Construction Bank (CCB) are improving their corporate governance, and recent fraud cases will not derail the reform process, the head of China's central bank said.

``Although several [fraud] cases have arisen, the progress of the reform of state-owned commercial banks will not be greatly hampered,'' People's Bank of China governor, Zhou Xiaochuan, said. ``Absorbing the lessons from those cases will enable reforms to move forward better.''

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