www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

ICBC 'too big to fail'

Updated: 2013-11-13 10:04
By Gao Changxin in Shanghai ( China Daily)

Institution joins list of powerful global financial organizations

Yet another Chinese bank has been listed by the Financial Stability Board as too big to fail, underscoring China's growing significance in the global financial system.

Industrial and Commercial Bank of China Ltd, the country's biggest bank by assets, has been added to the list of banks identified by the board as systemically important in its latest report published on Tuesday, bringing the overall number from 28 to 29.

Bank of China Ltd was on the list for the third consecutive year since 2011, when the board first published the annual list.

ICBC 'too big to fail'

People use ATMs at an Industrial and Commercial Bank of China Co branch in Beijing. The bank, the nation's largest by assets, was put on the list of banks of systemic importance in the global financial industry.?[Photo/China Daily]

A bank that fails might trigger a financial crisis and is seen by the board as systemically important. Banks on the list are required to have a higher capital buffer to avert any repeat of the 2008 credit freeze.

ICBC had a core capital ratio of 10.48 percent as of June 30, while Bank of China's was 9.27 percent, both above the 8.5 percent level the China Banking Regulatory Commission requires the nation's systemically important banks to hold by the end of 2018.

The board is compiling the list in preparation for capital rules scheduled to be phased in starting in 2016.

It brings together banking officials from the Group of 20 nations to coordinate financial rule-making. In November 2011, the board listed the first group of systemically important banks, to be updated each year in November. The board is chaired by Mark Carney, governor of the Bank of England.

ICBC's addition to the list benefited from the Chinese yuan's growing internationalization and its own global business expansion.

A report published by the Society for Worldwide Interbank Financial Telecommunication in October shows that the yuan has already overtaken the Swedish krona, the South Korean won and the Russian rouble as the world's eighth most actively traded currency.

In the first nine months of the year, ICBC processed 1.5 trillion yuan ($245 billion) in cross-border transactions. Its yuan-clearing network has grown to cover 70 nations and regions worldwide.

Fitch Ratings Inc, a rating agency, said in a research note on Tuesday that the deepening of Chinese companies' trade and investment linkages in overseas markets creates financing opportunities for Chinese banks.

"Greater usage of the yuan in the invoicing of bilateral trade or through 'qualified' investments is an increasingly visible objective of the Chinese policy authorities. A complementary expansion of Chinese banks' presence abroad, which may facilitate the fulfillment of these objectives, therefore makes increasing sense," the agency wrote.

ICBC has been speeding up its global push in recent years. As of the end of June, ICBC's overseas assets reached $182.2 billion, accounting for 6 percent of its total assets. By the end of last year, ICBC had 383 branches in 39 countries and regions, the largest overseas branch network of any Chinese bank.

"ICBC's transforming itself from a major Chinese bank to a major global bank and carrying more and more weight in the global financial system. We will see more and more Chinese banks on the list as the yuan goes global," said Jin Lin, a banking analyst with Orient Securities Co Ltd in Shanghai.

 
8.03K
 
...
主站蜘蛛池模板: a在线观看欧美在线观看 | 日本免费不卡在线一区二区三区 | 欧美一级毛片片免费孕妇 | 国产午夜精品理论片 | 亚洲精品久久久久久久福利 | 国产成人综合95精品视频免费 | 久久国产成人精品麻豆 | 撸天堂 | 欧美大片aaaa一级毛片 | 91精品观看91久久久久久 | 毛片免费全部免费播放 | 日本一级aaaa特黄毛片 | 分享一个无毒不卡免费国产 | 国产欧美日韩在线不卡第一页 | 日韩一级欧美一级 | 欧美观看一级毛片 | 欧美精品a毛片免费观看 | 久久精品国产精品亚洲精品 | 国产成人香蕉久久久久 | 青青青青爽视频在线播放 | 日本久久久久一级毛片 | 中文字幕免费观看 | 日本欧美一区二区三区视频 | 日本三级一区二区三区 | 一级伦理电线在2019 | 伊人久热这里只有精品视频99 | 久久视频6免费观看视频精品 | 国产精品免费_区二区三区观看 | 97精品国产福利一区二区三区 | 国产四区 | 国产精品91在线播放 | 九九99re在线视频精品免费 | 日本久久久久久久久久 | 亚洲国产天堂久久九九九 | 久久精品视频在线 | 美女视频永久黄网站在线观看 | 亚洲精品自拍 | 国产热久久精 | 手机在线黄色网址 | 一级毛片在线视频 | 亚洲精品国产一区二区图片欧美 |