BEIJING, Sept. 5(Xinhuanet)-- China will improve its bank account management system to ensure a sound economic and financial order, said Su Ning, vice governor of the People's Bank of China(PBoC).

The central bank will issue a circular on real-name bank accounts to unify account materials and require banking institutions to establish an account tracking system for clients.

"Accounts with large capital flow will undergo thorough investigations so that their real identity can be confirmed," Su said.

To ensure the real identity of the accounts, the PBoC is cooperating with Ministry of Public Security to build an information network.

At the end of 2004, China had 1.131 billion bank accounts, 1.106 billion of which were personal accounts and 24.6445 million institutional accounts.

China still faces problems in the management of bank accounts. And banking institutions lack efficient measures to identify clients.

In recent years, China has enacted a series of laws and regulations, which have laid a good foundation for the management of bank accounts.

"Real-name bank account management is of great significance forestablishing a credit system and rooting out corruption and financial graft," Su said. Enditem