Chapter �� Macroeconomic Performance
��. International Macroeconomic and Financial Developments
��. Domestic Macroeconomic Performance
��. Outlook
Special Topic 1 Changes in and Analysis of Macro Leverage Ratio
��. Macro Leverage Ratio in China
��. The Macro Leverage Ratio Rebound in Perspective
��. Sectoral Analysis of the Macro Leverage Ratio in China
Special Topic 2 Cross-border Capital Flows and Their Implications on Financial Stability
��. Cross-border Capital Flow Trends
��. Financial Stability Implications of Cross-border Capital Flows
��. IMF's Proposed Policy Approach for Cross-border Capital Flow Management
��. Policy Recommendations
Special Topic 3 Regulating the Development of the Third Pillar of Pension System
��. International Experiences in Developing the Third Pillar of Pension System
��. Status Quo of China's Third Pillar of the Pension System
��. Suggestions for Regulating the Development of the Third Pillar of the Pension System
Special Topic 4 Reform Progress of International Benchmark Interest Rate and Practice in China
��. Backdrop of the International Benchmark Reform
��. Progress in the International Benchmark Reform
��. China's Benchmark Reform: Preparation
��. China's Benchmark Reform: Transition Roadmap and Timeline
Chapter �� Soundness Assessment of the Financial Sector
�� Soundness Assessment of the Banking Sector
��. Soundness Assessment of the Insurance Sector
��. Soundness Assess ment of the Securities Sector
��. Soundness Assessment of the Financial Market
Special Topic 5 The Banking Sector Stress Test
��. General Description of the Stress Test
��. Results of the Solvency Stress Test
��. Results of the Liquidity Stress Test
��. Results of the Risk Contagion Stress Test
Special Topic 6 Capital Replenishment of Small- and Medium-sized Banks via Multiple Channels
��. Major Channels for Capital Replenishment of Commercial Banks
��. Positive Progress in Capital Replenishment of Small- and Medium-sized Banks
��. The Next Step
Special Topic 7 The Stress Test on Liquidity Risk of Publicly Offered Funds
��. Stress Test Profile
��. Results
Special Topic 8 Regulating the Third-party Internet Platform Deposits
��. Third-party Platform Deposit Taking Activities
��. Problems Arising From the Third-party Platform Deposit Activities
��. Efforts to Improve Regulation of Deposit-taking Activities in the Market
Chapter �� Building the Systemic Financial Risk Prevention and Mitigation System
��. Progress on the Implementation of International Financial Regulatory Reforms
��. Major Jurisdictions' Practices
��. China's Practices
Special Topic 9 Significant Progress Made in the Critical Battle Against Major Financial Risks
��. Achievements in the Critical Battle against Major Financial Risks
��. Ensuring Normalized Financial Risk Prevention and Mitigation to Contribute to the New Development Paradigm
Special Topic 10 Central Bank Rating of Financial Institutions
��. Results of the Second Quarter Central Bank Rating in
��. Application of Results of Central Bank Rating
Special Topic 11 Establishment of the Countercyclical Capital Buffer Mechanism in China
��. The Need for Establishing a CCyB Mechanism
��. Experiences of Implementing CCyB in Other Jurisdictions
��. Practices in Introducing the CCyB Mechanism in China
Special Topic 12 Implementation of Real Estate Loan Concentration Management
��. Implication of Implementing Real Estate Loan Concentration Management
��. Major Components of Real Estate Loan Concentration Management
��. Implementing Real Estate Loan Concentration Management on a Constant Basis
Special Topic 13 Prudently Resolving Risks of the Baoshang Bank in Accordance with Relevant Laws
��.Causes of the Baoshang Bank's Risks
��. Ch