China Central Bank Releases List For Systemic Important Banks; Will Promote Stable Operation And Healthy Development Of Systemically Important Banks, Urge Systemically Important Banks To Strengthen Capabilities To Overcome Risks And Absorb Losses
Portfolio Pulse from Charles Gross
China's central bank has released a list of systemically important banks, with the aim of promoting their stable operation and healthy development. The bank is urging these institutions to strengthen their capabilities to overcome risks and absorb losses.
September 22, 2023 | 9:06 am
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NEUTRAL IMPACT
The news may indirectly impact the iShares China Large-Cap ETF (FXI), which includes large Chinese banks in its portfolio.
The news does not directly mention FXI, but the ETF includes large Chinese banks that could be affected by the central bank's move. The impact is uncertain as it depends on how these banks respond to the central bank's urging to strengthen their risk management and loss absorption capabilities.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50