Shang Hai Zheng Quan Bao·2025-11-28 18:40Core Insights - The Financial Stability Board (FSB) has updated the list of Global Systemically Important Banks (G-SIBs) for 2025, highlighting the advancement of Chinese banks in the global financial system [1][2] - Five major state-owned banks from China have been recognized, with Industrial and Commercial Bank of China (ICBC) moving from the second group to the third group, marking it as the first Chinese bank to achieve this status [1][2] Group 1: ICBC's Advancement - ICBC's elevation to the third group reflects its ongoing efforts in smart risk control, modern layout, digital empowerment, comprehensive services, and ecological systems [2] - External factors such as changes in international competition and currency fluctuations contributed to ICBC's rise, with the appreciation of the Renminbi against the Euro positively impacting its score [2] Group 2: Implications for Chinese Banking Sector - The elevation of ICBC signifies a notable increase in the systemic importance of Chinese banks within the global financial framework [3] - This event sends three key signals: the enhanced global significance of Chinese banks, a shift in competitive focus towards emerging markets, and the potential reshaping of the global banking landscape [3] - ICBC's advancement is expected to have a demonstration effect on other large domestic banks, promoting adherence to global regulatory standards and encouraging a transition from "scale expansion" to "quality expansion" in the Chinese banking sector [3]