From Securitization.Net:

Asian Banker Research has recently examined the various obstacles that China will face in implementing Basel I & II, despite recent promising developments in the country’s banking reforms.

The China Banking Regulatory Commission (CRBC) announced that 30 banks met the Basel requirement of an 8 percent capital adequacy ratio ( CAR ) by the end of 2004. Although the figure exceeded expectations, the country has over 100 other commercial banks and thousands of credit cooperatives that still have severe capital problems.