People’s Republic of China : Financial Sector Assessment Program- Detailed Assessment of Observance of the Iosco Objectives and Principles of Securities Regulation

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 26, 2017

Electronic Access:

Download PDF. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The authorities’ vision of ensuring that the capital markets support China’s transformation towards a more market-oriented economy has driven capital markets development and—as the authorities recognize—the regulation and supervision of the markets. In some areas the specific characteristics of the market combined with the vision of capital markets development have prompted the China Securities Regulatory Commission (CSRC), as the main regulator of the securities markets, to adopt different approaches to the regulation and supervision of the market than those adopted in other large markets. At times such an approach has encountered challenges and the balance between market development and stability has been difficult to strike. Moving to more market-based solutions should allow the markets to work more efficiently but this should be done in a carefully sequenced way.

Series:

Country Report No. 17/404

Subject:

English

Publication Date:

December 26, 2017

ISBN/ISSN:

9781484335307/1934-7685

Stock No:

1CHNEA2017007

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

288

Please address any questions about this title to publications@imf.org