来 源 | 21金融圈 金融稳定理事会（FSB）近日公布2025年全球系统重要性银行（G-SIBs）名单，全球29家银行入选，中国五大国有银行席位保持不变。 近日，金融稳定理事会（FSB）公布 2025年全球系统重要性银行（G-SIBs）名单，该名单包含29家银行，我国维持五家国有银行入选数量，其中工商银 行首次由2组晋档至3组。 记者注意到，在被视为G-SIBs候选人的"第0组"中，招商银行已从去年的34名上升至30名，距离被认定为29家全球系统重要性银行仅有一步之遥；兴业银 行（34名）、中信银行（37名）等股份行亦在集体逼近门槛。 评级机构惠誉博华在早前预测中表示，若招商银行保持当前的分数变动趋势，未来三年存在被纳入 G-SIBs 名单的可能。 过去，中资银行更多凭借规模优势在全球立足。但记者注意到，本次股份行排名的提升，主要源于关联度、复杂性两项指标的贡献。 不过，G-SIBs的认定原则是"风险越大，责任越大"，一旦入选，将意味着更严格的资本监管要求。业内人士向记者表示，股份行集体趋近G-SIBs门槛，意 味全球金融稳定不再仅关注"几家大行"的稳健，也将要纳入更多中坚机构的。同时，额外资本要求将压缩股 ...

Core Viewpoint - The Financial Stability Board (FSB) has released the 2025 Global Systemically Important Banks (G-SIBs) list, which includes 29 banks, with five Chinese state-owned banks maintaining their status. Notably, Industrial and Commercial Bank of China (ICBC) has moved from Group 2 to Group 3 for the first time [1][5]. Group 1: G-SIBs List and Rankings - The 2025 G-SIBs list remains consistent with 2024, but there are changes in group classifications. The third group has increased from 2 to 4 banks, including ICBC, Bank of America, HSBC, and Citigroup [5][11]. - In the "Bucket 0" category, which does not require additional capital, China Merchants Bank has improved its ranking from 34th to 30th, closely approaching the G-SIBs threshold [1][6]. - Other Chinese banks, such as Industrial Bank and CITIC Bank, are also nearing the G-SIBs threshold, indicating a shift in global financial stability focus [1][9]. Group 2: Factors Influencing Rankings - The rise in rankings for Chinese banks is attributed to improvements in interconnectedness and complexity metrics rather than size, with China Merchants Bank's score increasing significantly due to these factors [3][8]. - For instance, China Merchants Bank's interconnectedness score rose by 31 points, and complexity increased by 60 points, while size only increased by 10 points [7][8]. Group 3: Implications of G-SIBs Inclusion - Inclusion in the G-SIBs list signifies greater regulatory scrutiny and higher capital requirements, which could compress the return on equity (ROE) for these banks [3][11]. - The additional capital requirements for G-SIBs range from 1% to 3.5% depending on the group, which could impact the capital strategies of the banks [11][12]. Group 4: Future Outlook and Strategic Considerations - There is a potential for China Merchants Bank to be included in the G-SIBs list within the next three years if current trends continue [2][14]. - Banks are advised to enhance their capital buffers and risk management frameworks to prepare for the implications of G-SIBs status, focusing on diversified capital tools and optimizing asset structures [14][15]. - The Basel Committee's adjustments to the G-SIBs recognition framework may introduce further uncertainties for banks nearing the threshold [15][16].

Core Viewpoint - The 2025 Global Systemically Important Banks (G-SIBs) list has been released, with five Chinese banks maintaining their status. The Industrial and Commercial Bank of China (ICBC) has moved up to the third group, marking a significant achievement for Chinese financial institutions [3][5]. Group 1: G-SIBs List and Rankings - The latest G-SIBs list includes 29 institutions, consistent with 2024, but with changes in scores and groupings for some banks [5]. - ICBC has advanced from the second group to the third group, becoming the first Chinese bank in this category. Other Chinese banks, including Bank of China, Agricultural Bank of China, and China Construction Bank, remain in the second group, while Bank of Communications stays in the first group [5][6]. - The G-SIBs list is divided into five groups, with the highest group (fifth) having no institutions, and the fourth group containing only JPMorgan Chase [5]. Group 2: Scoring Changes and Influencing Factors - This year, the scoring changes for Chinese G-SIBs show two main characteristics: scale is no longer the primary driver for score increases, and exchange rate fluctuations have had a positive impact [6][7]. - For instance, ICBC and Bank of China saw significant score increases of 33 and 32 points, respectively, due to various contributing factors [6]. - Despite these changes, Chinese G-SIBs still outperform global peers in terms of scale and interconnectedness [6]. Group 3: TLAC Compliance and Issuance - Following the successful achievement of the first phase of Total Loss-Absorbing Capacity (TLAC) requirements, the pressure for compliance in the next phase remains a concern [10][11]. - The five major banks have issued over 300 billion yuan in TLAC non-capital bonds this year, with a cumulative issuance of 540 billion yuan [11][12]. - The TLAC non-capital bonds are crucial for meeting international G-SIBs requirements, and the regulatory capital remains the primary component of total loss-absorbing capacity [12]. Group 4: Future Compliance Outlook - Some banks are currently able to meet the next phase of TLAC requirements, while others may need government support to achieve compliance [13]. - The assessment indicates that if risk-weighted asset growth remains stable, all five major banks are expected to meet the upcoming TLAC requirements on schedule [13].