IMF Staff Country Reports

People's Republic of China: Financial System Stability Assessment

Publication Date:

November 14, 2011

Electronic Access:

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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.

Series:

Country Report No. 2011/321

Subject:

Banking Commercial banks Credit Financial institutions Financial sector policy and analysis Loans Money Prices Real estate prices Stress testing