China's central bank said on Friday that reforms to the nation's banks will be deepened in order to improve their services.

According to a report from the People's Bank of China, the country will continue to reform the nation's large commercial banks as well as other large financial institutions.

Specifically, [Company Incorporation USA]reforms will be accelerated in the Export-Import Bank of China and the Agricultural Development Bank of China, which are both wholly state-owned, with an aim to standardize their accounting.

The China Development Bank, another state-owned policy bank, will prioritize lending to shantytown renovation projects, the report added.

Meanwhile, the central bank will seek to build a sustainable model through which commercial banks may improve their financial services for agriculture and farmers, according to the report.

The central bank [Hong Kong Company Registration Guide]will also improve standards and regulations regarding Internet finance in a bid to create fair competition and enhance risk control, it said.