China will further tighten regulatory scrutiny amongst domestic lenders, particularly with regards to what it deems as systemically important players.
A list of systemically important banks was jointly released last Friday by the People’s Bank of China and the China Banking and Insurance Regulatory Commission.
The list includes 19 lenders classified into five groups with the first group deemed least important, the fourth group deemed most important and a fifth group with no entries.
The selected banks are as follows:
First group:
- Ping An Bank Co. Ltd.
- China Everbright Bank Co. Ltd.
- Hua Xia Bank Co. Ltd.
- China Guangfa Bank Co. Ltd.
- Bank of Ningbo Co. Ltd.
- Bank of Shanghai Co. Ltd.
- Bank of Jiangsu Co. Ltd.
- Bank of Beijing Co. Ltd.
Second group:
- Shanghai Pudong Development Bank Co. Ltd.
- China Citic Bank Corp. Ltd.
- China Minsheng Banking Corp. Ltd.
- Postal Savings Bank of China Co. Ltd.
Third group:
- Bank of Communications Co. Ltd.
- China Merchants Bank Co. Ltd.
- Industrial Bank Co. Ltd.
Fourth group:
- Industrial and Commercial Bank of China Ltd.
- Bank of China Ltd.
- China Construction Bank Corp.
- Agricultural Bank of China Ltd.
