These were done by adopting Basel core principles and promoting mergers and acquisitions. The same reforms have conducted in the capital market, debt market, as well as non-bank financial institution.
One of the most important breakthroughs can be observed in the development of the debt market following the issuance of marketable government bond in 2002, which is not only useful to deepen the financial market but also significantly reduced the need for foreign financing and thus increase the economic resiliency.