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    600016   CNE0000015Y0

CHINA MINSHENG BANKING CORP., LTD.

(600016)
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China Minsheng Banking : central bank lists 19 systemically important banks

10/15/2021 | 05:55am EST

BEIJING, Oct 15 (Reuters) - China's central bank and banking regulator on Friday jointly unveiled a list of 19 banks deemed to be systemically important in a move to fend off major financial risks.

The People's Bank of China (PBOC) identified six state-owned commercial banks, nine joint-stock banks and four urban commercial lenders as crucial to the financial system, according to a statement on its website.

The list of banks includes the country's four largest lenders: Industrial and Commercial Bank of China , China Construction Bank , Agricultural Bank of China and Bank of China .

It also includes mid-sized lenders such as China Minsheng Banking Corp, and Ping An Bank, the banking unit of the insurance giant Ping An Insurance Group.

The banks will face additional capital requirements of between 0.25% and 1%, the PBOC and the China Banking and Insurance Regulatory Commission (CBIRC) said.

The 19 lenders also need to meet additional leverage requirements, and prepare contingency plans for major risk events, they added.

The listing and grading of important banks are aimed at further improving the risk management at major Chinese banks and to bring them into line with global standards, they said.

Lenders included in the list have met with the additional requirements already, and there's no imminent need for them to boost capital, so the new rules will not impact their capability in credit supplies, they added. (Reporting by Zhang Yan, Cheng Leng and Ryan Woo Editing by John Stonestreet and Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MINSHENG BANKING CORP., LTD. -0.51% 3.9 End-of-day quote.-25.00%
PING AN BANK CO., LTD. 2.55% 18.1 End-of-day quote.-6.41%
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Financials
Sales 2021 185 B 28 934 M 28 934 M
Net income 2021 36 177 M 5 673 M 5 673 M
Net Debt 2021 - - -
P/E ratio 2021 4,86x
Yield 2021 6,15%
Capitalization 159 B 24 989 M 24 984 M
Capi. / Sales 2021 0,86x
Capi. / Sales 2022 0,83x
Nbr of Employees 59 262
Free-Float 72,9%
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Mean consensus UNDERPERFORM
Number of Analysts 13
Last Close Price 3,90 CNY
Average target price 3,59 CNY
Spread / Average Target -7,83%
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Managers and Directors
Wan Chun Zheng Vice Chairman, President & General Manager
Dan Bai Chief Financial Officer & Co-Secretary
Jun Tong Zhang Chairman-Supervisory Board
Ying Xin Gao Chairman
Zhi Chun Xie Independent Non-Executive Director