IMF Staff Country Reports

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

December 6, 2017

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People’s Republic of China: Detailed Assessment Report on the Observance of Standards and Codes, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: 中文

Summary

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.

Subject: Banking, Financial institutions, Financial markets, Insurance, Insurance companies, Securities, Securities markets, Stock markets

Keywords: Banking system, Bond market, CR, Expected return, Fund management company, Futures company, Global, Institutional investor, Insurance, Insurance companies, Insurance coverage, Investment consultancy firm, Investment funds, ISCR, Material information, People's Bank of China, Public offering, Regulatory authority, Risk approach, Risk management, Secondary market, Securities, Securities industry, Securities markets, Stock markets

Publication Details

  • Pages:

    91

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/359

  • Stock No:

    1CHNEA2017004

  • ISBN:

    9781484331156

  • ISSN:

    1934-7685

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