IMF Staff Country Reports

The People's Republic of China: Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note

Publication Date:

June 26, 2018

Electronic Access:

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Summary:

This Technical Note analyzes financial stability issues related to financial market infrastructures (FMIs) in China. Since the previous Financial Sector Assessment Program, the supervision and oversight of FMIs has strengthened through the adoption of the CPSS–IOSCO (Committee on Payment and Settlement Systems/International Organization of Securities Commissions) Principles for FMIs (PFMI). The public adoption of the PFMI by the authorities in 2013 and the establishment of an interagency platform to assess FMIs are commendable. Full implementation of the principles by FMIs is the next step and is expected to enhance the resilience and stability of the FMIs.

Series:

Country Report No. 2018/192

Subject:

Financial institutions Financial markets Financial regulation and supervision Futures Legal support in revenue administration Payment systems PFM information systems Principles for Financial Market Infrastructures Public financial management (PFM) Revenue administration