Examples of actions so far include the Financial Sector Assessment Program, under which IMF and Bank staff assess the strengths and vulnerabilities of member countries' financial sectors, and the IMF preparation of reports on the observance of standards and codes, which address a country's progress on meeting standards in a broad range of areas. While promising, these initiatives have not been without difficulties.
According to the deployment of the CPC Central Committee and the State Council, we have made use of a host of policy instruments and cut the required reserve ratio (RRR) by 25bps.