The Chinese People's Liberation Army Beijing Military Area Command has upgraded its finance management by Electronic Banking (E-Banking) after three years' construction.
With the help of E-Banking, the finance management of the military area is much more efficient and transparent, the officer responsible for finance of the Beijing Military Area Command said Tuesday.
It took at least two days for a common account to be transferred before the E-Banking system was adopted, the officer said, stressing it now takes only five minutes through the E-Banking system.
In the past, the high authorities were unable to supervise the flow of money under the traditional ways of funds allocation and E-Banking enables higher authorities to control the flow of capital of the whole Beijing Military Area Command.
The opening E-Banking services in the Beijing Military Area Command is required by the Chinese PLA General Logistics Department. China has sped up its management of military expenses in recent years.
Liao Xilong, director of the PLA General Logistics Department, said recently China plans to audit more than 4,000 military officers for the efficient use of its military expenses in the 11th Five-Year (2006-2010) Guaideline, a senior military officer said.
Meanwhile, China will strengthen its audit of projects relating to armaments and military expenditure aiming at scientific management of the army and the anti-corruption and Party building drive, Liao acknowledged.
(Xinhua News Agency February 15, 2006)