Caixin
Oct 15, 2021 09:52 PM
FINANCE

China Releases List of 19 Systemically Important Banks

What’s new: China on Friday issued a list of 19 domestic systemically important banks, which will be subject to stricter regulatory requirements because their health is seen as critical to maintaining financial stability.

The banks on the list (link in Chinese), jointly issued by the People’s Bank of China and the China Banking and Insurance Regulatory Commission, will have to comply with more stringent regulations for capital adequacy ratios and corporate governance.

Details: The 19 banks have been divided into four groups based on how important they are, with the fourth group being the most important. According to the regulators (link in Chinese), the list was designed to have five groups, but there is no bank in the fifth group of the list.

● First group

Ping An Bank Co. Ltd. (000001.SZ)

China Everbright Bank Co. Ltd. (601818.SH)

Hua Xia Bank Co. Ltd. (600015.SH)

China Guangfa Bank Co. Ltd.

Bank of Ningbo Co. Ltd. (002142.SZ)

Bank of Shanghai Co. Ltd. (601229.SH)

Bank of Jiangsu Co. Ltd. (600919.SH)

Bank of Beijing Co. Ltd. (601169.SH)

● Second group

Shanghai Pudong Development Bank Co. Ltd. (600000.SH)

China Citic Bank Corp. Ltd. (601998.SH)

China Minsheng Banking Corp. Ltd. (600016.SH)

Postal Savings Bank of China Co. Ltd. (601658.SH)

● Third group

Bank of Communications Co. Ltd. (601328.SH)

China Merchants Bank Co. Ltd. (600036.SH)

Industrial Bank Co. Ltd. (601166.SH)

● Fourth group

Industrial and Commercial Bank of China Ltd. (601398.SH)

Bank of China Ltd. (601988.SH)

China Construction Bank Corp. (601939.SH)

Agricultural Bank of China Ltd. (601288.SH)

Quick Takes are condensed versions of China-related stories for fast news you can use.

Related: China Defines Banks That Are ‘Too Big to Fail’

Contact reporter Guo Yingzhe (yingzheguo@caixin.com) and editor Michael Bellart (michaelbellart@caixin.com)

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code