22 hours ago
China Unveils List of 21 Systemically Important Banks
China's central bank, the People's Bank of China, and the National Financial Regulatory Administration has announced the list of 21 domestic systemically important banks.  Among these, there are six state-owned commercial banks, ten joint-stock commercial banks, and five urban commercial banks. Based on their systemic importance scores, the banks are categorized into four groups from lowest to highest: Group 1 (11 banks): China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, Guangfa Bank, Zhejiang Commercial Bank, Shanghai Bank. Group 2 (4 banks): Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, China Post Savings Bank. Group 3 (2 banks): Bank of Communications, China Merchants Bank. Group 4 (4 banks): Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China.
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