January 8 to 19, 2024

From January 8 to 19, 2024, 35 Chinese participants from People’s Bank of China (PBC) and National Financial Regulation Administration (NFRA) and 6 participants from relevant government agencies in Mongolia and Cambodia convened in Shenzhen for the course on Macro-Stress Testing (MST).

This course, presented by Mr. Dimitrios Laliotis and Ms. Wei Sun from the IMF Monetary and Capital Markets Department (MCM), was offered as a follow-up to the virtual course on Macroprudential Stress Testing (December 2020) and the virtual course on Systemic Risk Analysis (November 2021), and focused on the more advanced topics of macroprudential stress testing.

The course also complemented the theoretical lectures on methodology and stress testing frameworks with hands-on sessions on a practical full stress test cycle simulation environment, which familiarize participants with the advanced macro-stress testing concepts and help them gain practical understanding of how the models and the MCM framework are deployed in practice.

Mr. Yao Huiya, Head of Technology Innovation Product Department of WeBank, interacting with MST course counselors and participants

Aside from classroom activities, counselors and participants visited WeBank, an internet bank based in Shenzhen, and had a roundtable discussion with Mr. Yao Huiya, the company’s Head of Technology Innovation Product Department, on its operational mechanisms and its financial services to MSMEs and the general public. The field visit and discussion were well appreciated by the course counselors and participants.