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
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
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)