People’s Republic of China: Detailed Assessment Report on the Observance of Standards and Codes

International Monetary Fund

No 2017/359, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the key findings of the assessment of the current state of the implementation of the Basel Core Principles for Effective Banking Supervision in China. China’s legal framework sets clear responsibilities and objectives for banking supervision in China. Overall, China Banking Regulatory Commission’s (CBRC) legal mandate and responsibilities, supported by broad powers, enables CBRC to conduct banking supervision in an effective way, with a primary focus on safety and soundness. A comprehensive set of regulations and procedures have provided CBRC with the necessary tools to properly operationalize its mandate, while strong enforcement powers further support the effectiveness of supervisory actions. Cooperation and collaboration with local and foreign authorities are also in place.

Keywords: ISCR; CR; risk management; bond market; secondary market; investment funds; People's Bank of China; institutional investor; fund management company; banking system; public offering; securities industry; futures company; regulatory authority; expected return; material information; investment consultancy firm; risk approach; insurance coverage; Insurance; Insurance companies; Securities; Securities markets; Stock markets; Global (search for similar items in EconPapers)
Pages: 91
Date: 2017-12-06
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45446 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/359

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().