Template-Type: ReDIF-Article 1.0
Author-Name: Bence Varga
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: vargabe@mnb.hu


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

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.

Classification-JEL: G18, G21, G28
Keywords: financial supervision, CBRC, financial institutions, shadow banking
system, Digital Finance
Pages: 126–139
Volume: 16
Issue: Sepcial Issue
Year: 2017
File-URL: http://english.hitelintezetiszemle.hu/letoltes/bence-varga.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:16:y:2017:i:SpecialIssue:p:126-139