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Current Challenges Facing Chinese Financial Supervision and Methods of Handling these Challenges

Author

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  • Bence Varga

    (Magyar Nemzeti Bank)

Abstract

This paper presents the main challenges currently facing China’s financial supervisory authority and the supervisory response to these challenges, focusing on the shadow banking system and Digital Finance. The author seeks to find out what reforms were introduced and what tools were applied in the realm of supervision in the recent period, what results they have yielded and whether any further reform is necessary to improve the efficiency of Chinese financial supervision, and if so, in what area(s). This paper focuses on the activities and toolset of the CBRC, the main financial supervisory body, and also covers the relevant tasks discharged by the PBC.

Suggested Citation

  • Bence Varga, 2017. "Current Challenges Facing Chinese Financial Supervision and Methods of Handling these Challenges," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(Sepcial I), pages 126-139.
    • Handle: RePEc:mnb:finrev:v:16:y:2017:i:specialissue:p:126-139
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    File URL: http://english.hitelintezetiszemle.hu/letoltes/bence-varga.pdf
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    References listed on IDEAS

    as
    1. Komlóssy Laura & Kovalszky Zsolt & Körmendi Gyöngyi & Lang Péter & Stancsics Martin, 2015. "Kína: a tervgazdaságtól a modern bankrendszerig," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 14(5), pages 133-144.
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    Cited by:

    1. Ádám Kerényi & János Müller, 2019. "Brave New Digital World? – Financial Technology and the Power of Information," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(1), pages 5-32.
    2. Laura Komlóssy & Gyöngyi Vargáné Körmendi, 2019. "China in Search of Equilibrium – Transition Dilemmas of Growth and Stability," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(3), pages 114-134.

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    More about this item

    Keywords

    financial supervision; CBRC; financial institutions; shadow banking system; Digital Finance;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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