IMF报告：中国金融体系面临风险

choi

BBC Chinese, Nov 15, 2011
http://www.bbc.co.uk/zhongwen/si ... a_imf_economy.shtml
("国际货币基金组织（IMF）警告说，如果信贷、房地产、汇率和收益曲线移动等风险同时发生，中国最大的商业银行体系可能面临系统风险。IMF公布对中国金融部门进行的首次正式评估报告说，中国的金融体系总体稳健，但脆弱性逐渐增加")

Note:
(a) An icon of the IMF report is displayed in the left column of the IMF home page.

The URL of the report:
People’s Republic of China: Financial System Stability Assessment. IMF, Nov 14, 2011 (IMF Country Report No. 11/321).
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25350.0
(free web access or $18 to buy the book)

(b) The quotation in Chinese above is translated from:

"4. Jointly conducted stress tests of the largest 17 commercial banks indicate that most of the banks appear to be resilient to isolated shocks. Such shocks included a sharp deterioration in asset quality, a correction in the real estate markets, shifts in the yield curve, and changes in the exchange rate. If several of these risks were to occur at the same time, however, the banking system could be severely impacted. A full assessment of the extent of these risks and how they could permeate through the economic and financial system, however, was hindered by data gaps, the lack of sufficiently long and consistent time series
of key financial data, weaknesses in the informational infrastructure, and constraints on the FSAP team’s access to confidential data."
Executive Sumary, at web page 7 of 126.

(i) FSAP stands for Financial Sector Assessment Program, of IMF/World Bank. page 1.
(ii) yield curve
http://en.wikipedia.org/wiki/Yield_curve