Pedestrians walk past a branch of Bank of China in Beijing
Pedestrians walk past a branch of Bank of China in Beijing, June 25, 2015. China's banks have taken a big step towards maturity. The government has scrapped a rule that capped loans at three-quarters of deposits, in a long-awaited reform that should remove distortions and may boost credit. More importantly, it's a sign that China is closer to dismantling its rules and quota-based financial system. To match CHINA-BANKS/BREAKINGVIEWS REUTERS/Jason Lee