Chinese regulators announce new list of systemically important banks
Chinese regulators have announced the latest version of systemically important banks, consisting of 20 lenders, to boost macro-prudential management, the central bank said Friday.
Among them, six are state-owned commercial banks, nine are joint-stock commercial banks, and five are urban commercial banks, according to the list released by the People's Bank of China and the National Financial Regulatory Administration.
Divided into five groups based on system importance scores from low to high: the first group consists of 10, including China Everbright Bank, China Minsheng Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Guangfa Bank, Shanghai Bank, Nanjing Bank, and Beijing Bank; Three companies in the second group, including China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank; Three companies in the third group, including Bank of Communications, China Merchants Bank, and Industrial Bank; Group 4, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China; There are currently no banks entering the fifth group.
The regulators will deepen the supervision of the systemically important banks and enhance their risk resistance capabilities to cement the foundation for financial system stability and support the real economy.
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