entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …

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 …

This report summarizes the findings of the Financial Sector Assessment Program (FSAP) exercise for China undertaken in … 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 …