18 January 2019

CBRC presses major banks on disclosure, paper says

The China Banking Regulatory Commission wants major banks to release detailed information on key aspects of their operations, China Securities Journal reported Thursday, citing new guidelines. These include off-balance sheet assets, evaluation standards and global business interests. Banks considered systemically important in the previous fiscal year or having balance sheet assets worth more than 1.6 trillion yuan (US$264 billion) during the period must file the information no later than July 31 each year. Thirteen banks are covered by the guidelines, including Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN), Agricultural Bank of China Ltd. (01288.HK, 601288.CN), Bank of China Ltd. (03988.HK, 601988.CN) and Bank of Communications Co. Ltd. (03328.HK, 601328.CN), the report said.

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