The next five years are likely to form a period of considerable change for China's financial services industry. The government led by Xi Jinping, who was appointed president in March 2013, appears set on a drive to internationalise the renminbi and to allow the capital account to open. These reforms will be accompanied by interest-rate liberalisation.

Financial services report 5

Banks 6

Insurers 10

Asset managers 12

Financial markets and instruments 14

Financial regulation 18

Monetary and currency policy 21

China at a glance 23

Fundamental indicators 24

Key contacts 25

中国科学技术信息研究所