It is reassuring that the Treaty on European Union contains a provision which enables the Council of Ministers to further enhance the role of the ECB in the field of banking supervision. In the relatively near future the introduction of the euro banknotes and coins will be on the agenda.
Since China adopted the reform and opening-up policy, and with the gradual improvement of the socialist market economy, the central bank system in China has been constantly improved. In 1984, the State Council decided to have the PBC function as a central bank.