China : Financial Sector Assessment
This report summarizes the findings of the Financial Sector Assessment Program (FSAP) exercise for China undertaken in 2010 by a joint International Monetary Fund (IMF) and World Bank team. The first mission (June) assessed the observance of select...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/11/17872338/china-financial-sector-assessment http://hdl.handle.net/10986/15913 |
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okr-10986-15913 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CAPITAL ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF CAPITAL ALTERNATIVE FUNDING ALTERNATIVE INVESTMENT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY BALANCE SHEET BALANCE SHEETS BANK BOND BANK BOND MARKET BANK BONDS BANK DEPOSITS BANK LOAN BANK REGULATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BOND BOND MARKET BOND MARKET DEVELOPMENT CAPITAL GROWTH CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL RAISING CAPITAL REQUIREMENTS CAPTIVE INVESTOR CLEARING CORPORATION COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANK ASSETS COMMERCIAL BANK CREDIT COMMERCIAL BANK LOANS COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES COMMON MATURITIES CONSUMER PROTECTION CONTINGENT LIABILITIES CONTINGENT LIABILITY CORPORATE DEBT CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT DELIVERY CREDIT DELIVERY SYSTEM CREDIT EXPANSION CREDIT FLOWS CREDIT GROWTH CREDIT MARKETS CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK CREDIT STANDINGS CREDITORS DEBT ISSUANCE DEBT ISSUANCE STRATEGY DEBT ISSUER DEPOSIT DEPOSIT INSURANCE DEPOSITORS DERIVATIVES MARKETS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DURABLE ELIGIBLE INVESTMENT EMERGING MARKET EMERGING MARKET ECONOMIES EQUITY MARKETS EXPENDITURE EXPENDITURES FINANCIAL DEVELOPMENT FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FIXED INCOME MARKETS FOREIGN BANKS FOREIGN EXCHANGE FUTURE CASH FLOWS FUTURES FUTURES EXCHANGE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKETS GOVERNMENT DEBT GOVERNMENT FINANCING HEDGE FUNDS HOLDING HUMAN RESOURCES HYPOTHECATION IMPLICIT GUARANTEES INCOME LEVELS INFLATION INFORMAL CREDIT INFORMAL LENDERS INFORMATION DISCLOSURE INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERINGS INSOLVENCY REGIME INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE POLICIES INTEREST RATE REGIME INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ACTIVITIES INVESTMENT VEHICLE INVESTMENT VEHICLES INVESTOR BASE INVESTOR PARTICIPATION INVESTOR PROTECTION LEGAL FRAMEWORK LEGAL SYSTEMS LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN RATES LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM LOANS MACROECONOMIC POLICIES MARKET COMPETITION MARKET CONFIDENCE MARKET DEVELOPMENTS MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET INTEREST RATES MARKET MAKING MARKET PARTICIPANTS MARKET PRACTICES MATURITIES MATURITY MATURITY MISMATCHES MICRO CREDIT MICRO-FINANCE MONETARY POLICY MONEY MARKET MONEY MARKETS MORAL HAZARD MUTUAL FUNDS NONPERFORMING LOANS NPL PAYMENT SYSTEM PENSION PENSION FUNDS PORTFOLIO POSTAL SAVINGS PRICE FORMATION PRICE RISK PRICE RISKS PRIVATE EQUITY PRUDENTIAL STANDARDS PUBLIC DEBT PUBLIC SECTOR DEBT RATES OF RETURN REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY STRUCTURE REPO REPO MARKET REPO MARKETS REPOS RESERVES RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK POOLING RURAL CREDIT SAVINGS BANK SAVINGS DEPOSITS SECONDARY MARKET SECONDARY MARKET LIQUIDITY SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT SYSTEM SHAREHOLDER SHAREHOLDERS SOLVENCY STATE GUARANTEES STOCK EXCHANGE STRATEGIC INVESTOR STRUCTURAL PROBLEMS SUB-NATIONAL DEBT SUB-NATIONAL DEBT MARKETS SUBORDINATED DEBT TAX TERRORISM TRADING UNDERWRITERS YIELD CURVE |
| spellingShingle |
ACCESS TO CAPITAL ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF CAPITAL ALTERNATIVE FUNDING ALTERNATIVE INVESTMENT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY BALANCE SHEET BALANCE SHEETS BANK BOND BANK BOND MARKET BANK BONDS BANK DEPOSITS BANK LOAN BANK REGULATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BOND BOND MARKET BOND MARKET DEVELOPMENT CAPITAL GROWTH CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL RAISING CAPITAL REQUIREMENTS CAPTIVE INVESTOR CLEARING CORPORATION COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANK ASSETS COMMERCIAL BANK CREDIT COMMERCIAL BANK LOANS COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES COMMON MATURITIES CONSUMER PROTECTION CONTINGENT LIABILITIES CONTINGENT LIABILITY CORPORATE DEBT CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT DELIVERY CREDIT DELIVERY SYSTEM CREDIT EXPANSION CREDIT FLOWS CREDIT GROWTH CREDIT MARKETS CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK CREDIT STANDINGS CREDITORS DEBT ISSUANCE DEBT ISSUANCE STRATEGY DEBT ISSUER DEPOSIT DEPOSIT INSURANCE DEPOSITORS DERIVATIVES MARKETS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DURABLE ELIGIBLE INVESTMENT EMERGING MARKET EMERGING MARKET ECONOMIES EQUITY MARKETS EXPENDITURE EXPENDITURES FINANCIAL DEVELOPMENT FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FIXED INCOME MARKETS FOREIGN BANKS FOREIGN EXCHANGE FUTURE CASH FLOWS FUTURES FUTURES EXCHANGE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKETS GOVERNMENT DEBT GOVERNMENT FINANCING HEDGE FUNDS HOLDING HUMAN RESOURCES HYPOTHECATION IMPLICIT GUARANTEES INCOME LEVELS INFLATION INFORMAL CREDIT INFORMAL LENDERS INFORMATION DISCLOSURE INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERINGS INSOLVENCY REGIME INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE POLICIES INTEREST RATE REGIME INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ACTIVITIES INVESTMENT VEHICLE INVESTMENT VEHICLES INVESTOR BASE INVESTOR PARTICIPATION INVESTOR PROTECTION LEGAL FRAMEWORK LEGAL SYSTEMS LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN RATES LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM LOANS MACROECONOMIC POLICIES MARKET COMPETITION MARKET CONFIDENCE MARKET DEVELOPMENTS MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET INTEREST RATES MARKET MAKING MARKET PARTICIPANTS MARKET PRACTICES MATURITIES MATURITY MATURITY MISMATCHES MICRO CREDIT MICRO-FINANCE MONETARY POLICY MONEY MARKET MONEY MARKETS MORAL HAZARD MUTUAL FUNDS NONPERFORMING LOANS NPL PAYMENT SYSTEM PENSION PENSION FUNDS PORTFOLIO POSTAL SAVINGS PRICE FORMATION PRICE RISK PRICE RISKS PRIVATE EQUITY PRUDENTIAL STANDARDS PUBLIC DEBT PUBLIC SECTOR DEBT RATES OF RETURN REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY STRUCTURE REPO REPO MARKET REPO MARKETS REPOS RESERVES RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK POOLING RURAL CREDIT SAVINGS BANK SAVINGS DEPOSITS SECONDARY MARKET SECONDARY MARKET LIQUIDITY SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT SYSTEM SHAREHOLDER SHAREHOLDERS SOLVENCY STATE GUARANTEES STOCK EXCHANGE STRATEGIC INVESTOR STRUCTURAL PROBLEMS SUB-NATIONAL DEBT SUB-NATIONAL DEBT MARKETS SUBORDINATED DEBT TAX TERRORISM TRADING UNDERWRITERS YIELD CURVE World Bank International Monetary Fund China : Financial Sector Assessment |
| geographic_facet |
East Asia and Pacific China |
| description |
This report summarizes the findings of
the Financial Sector Assessment Program (FSAP) exercise for
China undertaken in 2010 by a joint International Monetary
Fund (IMF) and World Bank team. The first mission (June)
assessed the observance of selected international standards
and codes, and initiated discussions on a broad range of
financial sector issues. The second mission (December)
completed its review and presented a draft Aide-Memoire
along with draft technical and background notes covering a
range of topics relevant to China's financial sector.
This report points out near-term risks, reform challenges
and development opportunities China confronts as it
continues to modernize its financial sector. China faces
potential vulnerabilities, near-term risks and
policy-induced distortions common to an evolving financial
system. The challenges and opportunities are not unique, and
can be addressed. The author proposes that the authorities
could consider carefully sequencing the following reforms
and development options: (i) further deepening the
commercial orientation of the financial system; (ii) moving
to more market-based means of controlling monetary and
financial conditions; (iii) further strengthening regulation
and supervision; (iv) upgrading the framework for financial
stability and crisis management; (v) revising the strategy
for financial inclusion to achieve improved access to
financial services ; (vi) continuing steps to support a
broad based capital market; and (vii) continue to strengthen
and deepen the insurance and pension sectors; and
(viii)continue enhancement of the financial market infrastructure. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
China : Financial Sector Assessment |
| title_short |
China : Financial Sector Assessment |
| title_full |
China : Financial Sector Assessment |
| title_fullStr |
China : Financial Sector Assessment |
| title_full_unstemmed |
China : Financial Sector Assessment |
| title_sort |
china : financial sector assessment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2011/11/17872338/china-financial-sector-assessment http://hdl.handle.net/10986/15913 |
| _version_ |
1764431256004591616 |
| spelling |
okr-10986-159132021-04-23T14:03:22Z China : Financial Sector Assessment World Bank International Monetary Fund ACCESS TO CAPITAL ACCOUNTING ACCOUNTING STANDARDS ALLOCATION OF CAPITAL ALTERNATIVE FUNDING ALTERNATIVE INVESTMENT ARBITRAGE ASSET MANAGEMENT ASSET QUALITY BALANCE SHEET BALANCE SHEETS BANK BOND BANK BOND MARKET BANK BONDS BANK DEPOSITS BANK LOAN BANK REGULATION BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BOND BOND MARKET BOND MARKET DEVELOPMENT CAPITAL GROWTH CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL RAISING CAPITAL REQUIREMENTS CAPTIVE INVESTOR CLEARING CORPORATION COLLATERAL COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANK ASSETS COMMERCIAL BANK CREDIT COMMERCIAL BANK LOANS COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES COMMON MATURITIES CONSUMER PROTECTION CONTINGENT LIABILITIES CONTINGENT LIABILITY CORPORATE DEBT CORPORATE GOVERNANCE CREDIT COOPERATIVES CREDIT DELIVERY CREDIT DELIVERY SYSTEM CREDIT EXPANSION CREDIT FLOWS CREDIT GROWTH CREDIT MARKETS CREDIT PROGRAMS CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK CREDIT STANDINGS CREDITORS DEBT ISSUANCE DEBT ISSUANCE STRATEGY DEBT ISSUER DEPOSIT DEPOSIT INSURANCE DEPOSITORS DERIVATIVES MARKETS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DURABLE ELIGIBLE INVESTMENT EMERGING MARKET EMERGING MARKET ECONOMIES EQUITY MARKETS EXPENDITURE EXPENDITURES FINANCIAL DEVELOPMENT FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FIXED INCOME MARKETS FOREIGN BANKS FOREIGN EXCHANGE FUTURE CASH FLOWS FUTURES FUTURES EXCHANGE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKETS GOVERNMENT DEBT GOVERNMENT FINANCING HEDGE FUNDS HOLDING HUMAN RESOURCES HYPOTHECATION IMPLICIT GUARANTEES INCOME LEVELS INFLATION INFORMAL CREDIT INFORMAL LENDERS INFORMATION DISCLOSURE INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERINGS INSOLVENCY REGIME INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATE DERIVATIVES INTEREST RATE POLICIES INTEREST RATE REGIME INTEREST RATES INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT ACTIVITIES INVESTMENT VEHICLE INVESTMENT VEHICLES INVESTOR BASE INVESTOR PARTICIPATION INVESTOR PROTECTION LEGAL FRAMEWORK LEGAL SYSTEMS LIABILITY LIABILITY MANAGEMENT LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN RATES LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM LOANS MACROECONOMIC POLICIES MARKET COMPETITION MARKET CONFIDENCE MARKET DEVELOPMENTS MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET INTEREST RATES MARKET MAKING MARKET PARTICIPANTS MARKET PRACTICES MATURITIES MATURITY MATURITY MISMATCHES MICRO CREDIT MICRO-FINANCE MONETARY POLICY MONEY MARKET MONEY MARKETS MORAL HAZARD MUTUAL FUNDS NONPERFORMING LOANS NPL PAYMENT SYSTEM PENSION PENSION FUNDS PORTFOLIO POSTAL SAVINGS PRICE FORMATION PRICE RISK PRICE RISKS PRIVATE EQUITY PRUDENTIAL STANDARDS PUBLIC DEBT PUBLIC SECTOR DEBT RATES OF RETURN REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY STRUCTURE REPO REPO MARKET REPO MARKETS REPOS RESERVES RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK POOLING RURAL CREDIT SAVINGS BANK SAVINGS DEPOSITS SECONDARY MARKET SECONDARY MARKET LIQUIDITY SECURITIES SECURITIES MARKET SECURITIES MARKETS SETTLEMENT SETTLEMENT SYSTEM SHAREHOLDER SHAREHOLDERS SOLVENCY STATE GUARANTEES STOCK EXCHANGE STRATEGIC INVESTOR STRUCTURAL PROBLEMS SUB-NATIONAL DEBT SUB-NATIONAL DEBT MARKETS SUBORDINATED DEBT TAX TERRORISM TRADING UNDERWRITERS YIELD CURVE This report summarizes the findings of the Financial Sector Assessment Program (FSAP) exercise for China undertaken in 2010 by a joint International Monetary Fund (IMF) and World Bank team. The first mission (June) assessed the observance of selected international standards and codes, and initiated discussions on a broad range of financial sector issues. The second mission (December) completed its review and presented a draft Aide-Memoire along with draft technical and background notes covering a range of topics relevant to China's financial sector. This report points out near-term risks, reform challenges and development opportunities China confronts as it continues to modernize its financial sector. China faces potential vulnerabilities, near-term risks and policy-induced distortions common to an evolving financial system. The challenges and opportunities are not unique, and can be addressed. The author proposes that the authorities could consider carefully sequencing the following reforms and development options: (i) further deepening the commercial orientation of the financial system; (ii) moving to more market-based means of controlling monetary and financial conditions; (iii) further strengthening regulation and supervision; (iv) upgrading the framework for financial stability and crisis management; (v) revising the strategy for financial inclusion to achieve improved access to financial services ; (vi) continuing steps to support a broad based capital market; and (vii) continue to strengthen and deepen the insurance and pension sectors; and (viii)continue enhancement of the financial market infrastructure. 2013-09-27T18:47:35Z 2013-09-27T18:47:35Z 2011-11 http://documents.worldbank.org/curated/en/2011/11/17872338/china-financial-sector-assessment http://hdl.handle.net/10986/15913 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work East Asia and Pacific China |