Xin Lang Cai Jing·2025-12-02 00:50Core Points - The Financial Stability Board (FSB) released the 2025 Global Systemically Important Banks (G-SIBs) list, maintaining the number of Chinese banks at five, with the Industrial and Commercial Bank of China (ICBC) moving up to the third group, marking it as the first Chinese bank in this category [1][4][3] - The other four Chinese banks, namely Agricultural Bank of China, Bank of China, and China Construction Bank, remain in the second group, while Bank of Communications stays in the first group [4][5] Group Summaries - G-SIB Group Rankings: The 2025 G-SIB list includes five groups, with ICBC in the third group, requiring an additional capital requirement increase from 1.5% to 2.0%. The fourth group remains occupied by JPMorgan Chase, while the second group includes nine institutions, and the first group consists of 15 banks [4][5][12] - Score Changes: ICBC's score increased significantly by 33 points to 332, while Bank of China rose by 32 points to 314, Agricultural Bank by 15 points to 272, Construction Bank by 10 points to 259, and Bank of Communications by 9 points to 138 [8][10] - Impact of Exchange Rates: Analysts noted that exchange rate factors may have influenced the scoring of Chinese G-SIBs, with potential implications for their 2026 ratings. The historical context suggests that exchange rates have previously alleviated pressure on scores [10][7] - TLAC Bond Issuance: To meet the total loss-absorbing capacity (TLAC) requirements, major state-owned banks have been actively issuing TLAC bonds. For instance, Agricultural Bank issued TLAC bonds worth 20 billion yuan, and Bank of Communications issued bonds worth 30 billion yuan [13][12]