Publication:
China Financial Sector Assessment

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2017-12-11T19:05:32Z
dc.date.available2017-12-11T19:05:32Z
dc.date.issued2017-11
dc.description.abstractSince the 2011 financial sector assessment program (FSAP), China’s economic growth has remained strong, although a necessary economic transformation is underway. China now has the world’s largest gross domestic product (GDP) in public private partnership (PPP) terms, and poverty rates have fallen. However, medium-term growth prospects have moderated. The economic transformation requires a fundamental change in the role of the financial system. Although longer-term objectives are clear, policymakers continue to face challenges in balancing short-term growth concerns with long-term financial stability and sustainability. The slow pace of state-owned enterprise (SOEs) reform and limited exit of weak firms have resulted in efficiency losses and reinforced the perception of implicit guarantees. Contingent fiscal liabilities have also grown rapidly. Addressing these tensions is challenging in the context of the strong presence of the state in the financial sector. Maintaining financial stability will also require that remaining gaps in regulatory frameworks be addressed. Further enhancements to crisis management frameworks are needed to allow financial institutions to fail in a manner that minimizes the impact on financial stability and public resources.en
dc.identifierhttp://documents.worldbank.org/curated/en/361891512597572360/China-Financial-sector-assessment
dc.identifier.doi10.1596/28991
dc.identifier.urihttps://hdl.handle.net/10986/28991
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFINANCIAL SYSTEM
dc.subjectRISK ASSESSMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectMACROPRUDENTIAL POLICY
dc.subjectOVERSIGHT
dc.subjectBANKING SUPERVISION
dc.subjectSECURITIES
dc.subjectINSURANCE
dc.subjectAML/CFT
dc.subjectINFRASTRUCTURE
dc.subjectCRISIS MANAGEMENT
dc.subjectFINANCIAL SAFETY NETS
dc.subjectDEBT
dc.subjectFINANCIAL INCLUSION
dc.subjectCAPITAL MARKETS
dc.subjectPOLICY BANKS
dc.titleChina Financial Sector Assessmenten
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleChina Financial Sector Assessment
okr.date.disclosure2017-12-06
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.docurlhttp://documents.worldbank.org/curated/en/361891512597572360/China-Financial-sector-assessment
okr.guid361891512597572360
okr.identifier.doi10.1596/28991
okr.identifier.externaldocumentum090224b08563b0fc_2_0
okr.identifier.internaldocumentum29251561
okr.identifier.report121926
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/361891512597572360/pdf/121926-FSAP-PUBLIC-SecM2017-0306.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.sectorFinance
okr.themeFinancial and private sector development :: International financial standards and systems
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Law Finance and Growth
okr.unitFinance and Markets Global Practice
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