China's top lenders face $221 bln loss-absorbing capital shortfall by 2025, Fitch estimates [Reuters]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: Reuters
1.6 trillion yuan ($221 billion) by January 2025, Fitch Ratings estimates, indicating huge strains on the lenders' capital buffers. Five of China's largest state-owned lenders - Industrial and Commercial Bank of China (601398.SS) New Tab , opens new tab , Agricultural Bank of China Ltd (601288.SS) New Tab , opens new tab , Bank of China (601988.SS) New Tab , opens new tab , China Construction Bank (601939.SS) New Tab , opens new tab and Bank of Communications (601328.SS) New Tab , opens new tab - are designated as global systemically important banks by Chinese regulators and the Swiss-based Financial Stability Board (FSB). The global systemically important lenders are required to hold a TLAC amount of at least 16% of risk-weighted assets starting Jan. 1, 2025, and the bar will be further raised to 18% from Jan. 1, 2028. The requirements added to the Chinese lenders' capital-raising pressure , especially as the banks are under greater strain to support the Chinese econo
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