China’s ABC, BoC buck H1 trend and cut market risk
Market risk charges keep rising at CCB, ICBC and all non-systemic banks
Chinese systemic dealers Agricultural Bank of China (ABC) and Bank of China (BoC) curtailed market risk capital requirements in the first half of the year, taking a starkly divergent trajectory from local rivals, where the same classes of charges continued to rise unabated.
Market risk-weighted assets (RWAs) fell 22% at ABC and 7% at BoC – to 82.4 billion yuan ($12 billion) and 124.6 billion yuan, respectively – following similar cuts in the second half of last year.
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