Mumbai, May 5 -- International Monetary Fund or IMF has stated in a latest update that China has made notable progress over recent years in strengthening financial supervision and regulation, continuously implementing international regulatory standards, and enhancing systemic risk monitoring. Due to regulatory reforms, the country also made important reductions, in risks arising from non-bank financial institutions. While bank capital and liquidity levels appear adequate overall, the financial stability risks are elevated. Rising vulnerabilities from the property sector downturn and widening strains in highly leveraged local government financial vehicles (LGFV) warrant attention as declining economic growth could affect credit portfolio qua...