Over the past more than two decades, China's opening-up and reforms and socialist market economic development have achieved remarkable accomplishments and realized economic, political and social stability, creating favorable macro environment for financial stability. Chinese government paid high attention to financial stability. In 2003, Chinese government restructured financial management regime by establishing China Banking Regulatory Commission to supervise banking industry.
A mere qualitative supervisory approach, in particular when it is solely based on the “individuality of the bank” might be prone to misuse, and justify generally lower rather than higher supervisory requirements. BIS central bankers’ speeches  3  Let me conclude. I think that the combination of quantitative and qualitative supervisory elements has passed its first test in the SREP 2015.