By the latter part of 2009, the U.S. financial system had been stabilized, but only with substantial injections of taxpayer capital and the complementary support of other guarantees and lending facilities variously provided by the Federal Reserve, the Treasury, and the Federal Deposit Insurance Corporation (FDIC)--both to banks and to non-bank financial actors.
Under the overall guidance of financial system reform, China will continue to conduct the share holding restructuring of wholly state owned commercial banks by introducing various measures to transform their operational mechanism and improve corporate governance.