On October 27, Fitch confirmed that the long-term foreign currency issuers of ICBC, Agricultural Bank, CCB, Bank of China, China Securities Bank, and Postbank had a default rating of “A”. The outlook was stable, and the viability ratings of the six banks were raised: ICBC, Agricultural Bank, CCB, and Bank of China upgraded to “bbb”, Postbank to “bbb”, and traffic to “bbb-”. Fitch claims that the viability rating reflects the advantages of banking business conditions, supports its credit resilience through the cycle and the continuous improvement of the business environment of the Chinese banking industry; it also adjusted the Chinese business environment rating from “bbb-” to “bbb,” and the outlook is stable. According to the CICC research report, major listed banks rely on a high-quality customer base and risk control capabilities to consolidate asset quality indicators, and overall performance has remained stable.

On October 27, Fitch confirmed that the long-term foreign currency issuers of ICBC, Agricultural Bank, CCB, Bank of China, China Securities Bank, and Postbank had a default rating of “A”. The outlook was stable, and the viability ratings of the six banks were raised: ICBC, Agricultural Bank, CCB, and Bank of China to “bbb”, Postbank to “bbb”, and traffic to “bbb-”. Fitch claims that the viability rating reflects the advantages of banking business conditions, supports its credit resilience through the cycle and the continuous improvement of the business environment of the Chinese banking industry; it also adjusted the Chinese business environment rating from “bbb-” to “bbb,” and the outlook is stable. According to the CICC research report, major listed banks rely on a high-quality customer base and risk control capabilities to consolidate asset quality indicators, and overall performance has remained stable.