longer term. The China Insurance Regulatory Commission (CIRC) has been undertaking far-reaching reforms and modernization … the solvency standards into a modern, risk-based approach. The China-Risk Oriented Solvency Standards (C-ROSS) draw on …

The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of … considerations. The China Banking Regulatory Commission (CBRC) has achieved a high degree of compliance with the Basel Core …

China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most complex in the world. It …

China has made significant progress in financial inclusion. High levels of account penetration, savings, and usage of … bankcard programs. Account penetration in China is quite high, with estimates ranging from over 80 to 90 percent, which …

2010 as part of the financial sector assessment program (FSAP) of China. The assessment was prepared on the basis of a self …-assessment prepared by the China Securities Regulatory Commission (CSRC), public information contained on the CSRC website and the … websites of other entities in China, and a review of relevant Chinese laws and regulations. The timely completion of this …

Insurance companies in China are closely supervised and generally subjected to appropriate regulation. The China … from supervised companies. This assessment of the People's Republic of China's compliance with International Association of … Program (FSAP). The CIRC has principal responsibility over insurance regulation in China and conducts its duties through its …

People's Bank of China (PBC) has carried out a major and comprehensive reform of the China National Payments System … (CNPS). The PBC implemented the China National Advanced Payment System (CNAPS), which consists of the High-Value Payment … cheque clearing houses around the country administered by the PBC local offices or delegated to banks. China Union Pay (CUP …

Regulation and supervision of China's banking system has made impressive progress in the past few years, led by an … activist, forward-looking regulator China Banking Regulatory Commission (CBRC), with a clear safety and soundness mandate that … Supervision (BCP) in China has been completed as part of a Financial Sector Assessment Program (FSAP) undertaken jointly by the …