Guo Ji Jin Rong Bao·2025-11-28 12:45Core Points - The Financial Stability Board (FSB) released the 2025 list of Global Systemically Important Banks (G-SIBs) on November 27, 2023, with five major state-owned banks from China consistently included in the list [1] - Industrial and Commercial Bank of China (ICBC) has moved from the second group to the third group, while Agricultural Bank of China, Bank of China, and China Construction Bank remain in the second group, and Bank of Communications stays in the first group [1] Group 1: G-SIBs Classification and Requirements - The G-SIBs rating is based on five dimensions: size, interconnectedness, substitutability, financial institution infrastructure, complexity, and cross-border activities [4] - The 2025 list includes 29 G-SIBs, with the same institutions as in 2024 but with adjusted rankings reflecting changes in banks' core business activities [4] - An increase in group ranking leads to higher loss absorption requirements, effective from January 1, 2027 [4][5] Group 2: Capital Requirements and TLAC - Following the group elevation, ICBC's additional capital requirement will rise from 1.5% to 2.0% [5] - The total loss-absorbing capacity (TLAC) requirements for G-SIBs are aligned with international standards, with external TLAC risk-weighted ratios set to be no less than 16% from January 1, 2025, and 18% from January 1, 2028 [6] - TLAC bonds issued by the five major state-owned banks reached a total of 540 billion yuan, with 30 bonds issued as of November 28, 2025 [7]