People's Republic of China: Financial System Stability Assessment

International Monetary Fund

No 2011/321, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 126
Date: 2011-11-14
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