People's Republic of China

Financial System Stability Assessment

• Author(s): International Monetary Fund,
• Publisher: International Monetary Fund
• Pages: 126
• ISBN_10: 1463924542
  ISBN_13: 9781463924546
  
• Language: en
• Categories: Business & Economics / Banks & Banking , Business & Economics / Real Estate / General , Business & Economics / Industries / Financial Services ,

Description:... 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.