Basel Committee issued New Basel Capital Accord in 2001, which is undoubtedly not only the supervising compass of the Central Banks of various countries, but also the game rules that the commercial banks of various countries must observe. This paper combines the actual conditions that our country has already joined WTO from the view of financial supervisory authorities, explains the background of Basel agreement formation and compare the content of New Accord with the old one, analyzes some problems and troubles commercial bank of our country which likely appears in implementing the New Accord, discusses some key issues likely encountered in carrying out the Accord and solution methods, and provides the feasible ways of strengthening the supervisory ability of China's Central Bank and enhancing international competitiveness of commercial banks of our country.
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