China releases List of Systemically Important Banks, These Banks are very important for China!!
The People’s Bank of China (PBOC) and the National Financial Regulatory Administration (NFRA) recently conducted the 2025 assessment of China’s systemically important banks, based on the Evaluation Measures for Systemically Important Banks. The assessment identified 21 domestic systemically important banks (D-SIBs), including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks. They are divided into five groups based on their systemic importance scores, from low to high:
Group 1 (11 banks): China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Bank of Ningbo, Bank of Jiangsu, Bank of Beijing, Bank of Nanjing, China Guangfa Bank, China Zheshang Bank, Bank of Shanghai.
Group 2 (4 banks): Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, Postal Savings Bank of China.
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.
Group 5: No banks are currently assigned to this group.
Going forward, the PBOC and the NFRA will, in accordance with the requirements of the Additional Regulatory Rules for Systemically Important Banks (Trial), leverage the synergy between macro-prudential management and micro-prudential supervision, continue to strengthen the additional regulation of systemically important banks, promote their sound operation and healthy development, so as to better serve the high-quality development of the real economy.
In India, State Bank of India, HDFC Bank, and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs).
