For the purposes of strengthening macroprudential management and regulation of systemically important banks (SIBs), the People’ Bank of China (PBC) and the China Banking and Insurance Regulatory Commission (CBIRC) recently completed the assessment of China’s SIBs for 2022 according to the Measures for Assessment of Systemically Important Banks. A total of 19 banks were designated as SIBs, consisting of six state-owned commercial banks, nine joint-stock commercial banks and four city commercial banks. The SIBs fall into five groups in ascending order of importance. Group One contains nine banks including China Minsheng Bank, China Everbright Bank, PingAn Bank, Huaxia Bank, Bank of Ningbo, China Guangfa Bank, Bank of Jiangsu, Bank of Shanghai, and Bank of Beijing. Group Two contains three banks including China Citic Bank, Postal Savings Bank of China, and Shanghai Pudong Development Bank. Group Three contains three banks including Bank of Communications, China Merchants Bank, and Industrial Bank. Group Four contains four banks including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China. No bank is included in Group Five this time.

Moving forward, in accordance with the Additional Regulatory Provisions on Systemically Important Banks (Trial), the PBC and CBIRC will continue to deliver on additional regulation of SIBs, enhance synergies between macroprudential management and microprudential regulation, and facilitate sound operation and healthy development of SIBs.