People’s Republic of China: Detailed Assessment Report: CPSS Core Principles for Systemically Important Payment Systems
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The assessment report on the observance of China’s compliance with the Committee for Payment and Settlement System's core principles for systemically important payment systems is examined. Domestic foreign exchange transactions are mostly executed at the China Foreign Exchange Trade Center. Domestic payments are handled through a diverse variety of payment systems, mainly operated by the People's Bank of China, except for cards and some local clearinghouses. Real-time remittances, bills, and cheque-clearing services are widely available to the financial institutions serving the rural areas.
Series:
Country Report No. 2012/081
Subject:
Banking Commercial banks Currencies Financial institutions Financial markets Legal support in revenue administration Money Payment systems Revenue administration Securities
English
Publication Date:
April 5, 2012
ISBN/ISSN:
9781475502992/1934-7685
Stock No:
1CHNEA2012004
Pages:
57
Please address any questions about this title to publications@imf.org