Stock corporate bank accounts will be cleaned up and verified first, followed by verification of the stock personal accounts based on relevant experiences obtained  (4)  Further implement the use of real names for bank accounts by taking effective measures. It is a long-term job and requires all related parties to make concerted efforts.
Recently, the PBC will improve the relative regulations on real name policy including defining types of valid documents that individuals could use to conduct banking business as well as the order of priority in presenting these documents, normalizing application procedures for opening a corporate bank account and its management agreement so as to clarify the basis of implementing the use of real names for corporate bank accounts, which provide policy basis covering a wider range of issues.