The five largest state-owned banks have explicitly stated that they will revoke the supervisory board.

The resolutions announced by the board of directors of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, all five state-owned banks, show that the board of directors of these banks have all approved the amendment of the company's articles of association and the revocation/discontinuation of the establishment of the supervisory board. These related proposals still need to be submitted to the bank's shareholders' meeting for approval. In addition, China Merchants Bank also announced that it will no longer establish a supervisory board.