People's Republic of China: Financial System Stability Assessment

Volume/Issue: Volume 2011 Issue 321
Publication date: November 2011
ISBN: 9781463924546
$20.00
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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , ISCR , CR , interest rate , banking system , bond market , financial system , central bank , credit risk , exchange rate , monetary policy , banking sector , fixed income , return on assets , asset quality , investment funds , Commercial banks , Loans , Real estate prices , Credit , Stress testing , Global

Summary

This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during June–December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more commercially oriented financial system. Despite success and rapid growth, China’s financial sector is confronting several near-term risks, structural challenges, and policy-induced distortions. A properly composed and timely implemented set of reforms would help address these challenges. A framework to resolve weak financial institutions on a timely basis is also needed.