Before any clear conclusion is reached, we have to make the intermediate targets a synthetic target, focusing on M2 and credit scale while considering money market rates. II. Apply various monetary policy instruments in a flexible manner to reach monetary policy targets  China’s economy, currently right in the transition period, is not comparable to command or developed market economy.
This makes true our expressed commitment to be among the countries that are expected to implement Basel II between 2007 and 2010 . The implementation of Basel II sets a new dimension in the supervision of the financial system.